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

Inseego

07/08/2024 23:40

* Inseego Corp  INSG.OQ  reported quarterly adjusted
earnings of 9
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of -20
cents.  The mean expectation of three analysts for the quarter
was for earnings of 8 cents per share. Wall Street expected
results to range from -3 cents to 19 cents per share.
    * Revenue rose 10.4% to $59.15 million from a year ago;
analysts
expected $53.65 million. 
    * Inseego Corp's reported EPS for the quarter was a loss
of 2
cents​.
    * The company reported a quarterly loss of $184 thousand.
    * Inseego Corp shares had fallen by 23.0% this quarter and
gained 273.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 120%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the
communications &
networking peer group is also "hold"

Wall Street's median 12-month price target for Inseego Corp is
$12.00 
This summary was machine generated from LSEG data August 7 at
10:39 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.08           0.09           Beat
 Mar. 31 2024      -0.47          -0.31          Beat
 Dec. 31 2023      -0.48          -0.46          Beat
 Sep. 30 2023      -0.20          -1.60          Missed