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

Inseego

08/08/2022 23:00

* Inseego Corp  INSG.OQ  reported a quarterly adjusted loss
of 9
cents​​ per share for the quarter ended in June. The mean
expectation of four analysts for the quarter was for a loss
of 11 cents per share.
    * Revenue fell 5.8% to $61.86 million from a year ago;
analysts
expected $62.37 million. 
    * Inseego Corp's reported EPS for the quarter was a loss
of 12
cents​.
    * The mean earnings estimate of analysts had risen by
about 5.9%
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 30.7% this quarter and
lost 57.6% so far this year.
    * The company reported a quarterly loss of $13.05 million.
    * Wall Street's median 12-month price target for Inseego
Corp is
$5.13 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data August 8
at 10:00 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      -0.11          -0.09          Beat
 Mar. 31 2022      -0.10          -0.11          Missed
 Dec. 31 2021      -0.06          -0.08          Missed
 Sep. 30 2021      -0.07          -0.08          Missed