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

Inseego

04/05/2022 23:33

* Inseego Corp  INSG.OQ  reported a quarterly adjusted loss
of 11
cents​​ per share for the quarter ended in March. The mean
expectation of three analysts for the quarter was for a loss
of 10 cents per share.
    * Revenue rose 6.6% to $61.38 million from a year ago; 
analysts
expected $62.64 million. 
    * Inseego Corp's reported EPS for the quarter was a loss
of 24
cents​.
    * The mean earnings estimate of analysts had fallen by
about 45%
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 fallen by 26.4% this quarter and
lost 48.9% so far this year.
    * The company reported a quarterly loss of $25.88 million.
    * Wall Street's median 12-month price target for Inseego
Corp is
$7.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated May 4 at 10:33 p.m.  ​All
figures in US dollars unless otherwise stated