Inseego Corp reports results for the quarter ended in December - Earnings Summary

Inseego

01/03/2023 22:01

* Inseego Corp  INSG.OQ  reported a quarterly adjusted loss
of 11
cents​​ per share for the quarter ended in December. The mean
expectation of two analysts for the quarter was for a loss of 9
cents per share.
    * Revenue fell 27.4% to $52.92 million from a year ago;
analysts
expected $60.53 million. 
    * Inseego Corp's reported EPS for the quarter was a loss
of 14
cents​.
    * The mean earnings estimate of analysts had fallen by
about 1.8%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Inseego Corp shares had risen by 6.3% this quarter.
    * The company reported a quarterly loss of $15.33 million.
    * Wall Street's median 12-month price target for Inseego
Corp is
$2.60 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data March 1
at 10:01 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      -0.09          -0.11          Missed
 Sep. 30 2022      -0.08          -0.11          Missed
 Jun. 30 2022      -0.11          -0.09          Beat
 Mar. 31 2022      -0.10          -0.11          Missed