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

Inseego

03/05/2023 22:02

* Inseego Corp  INSG.OQ  reported a quarterly adjusted loss
of 2
cents​​ per share for the quarter ended in March. The mean
expectation of three analysts for the quarter was for a loss
of 8 cents per share.
    * Revenue fell 17.3% to $50.79 million from a year ago;
analysts
expected $48.75 million. 
    * Inseego Corp's reported EPS for the quarter was a loss
of 5
cents​.
    * The mean earnings estimate of analysts had risen by
about 10.2%
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 3.0% this quarter and
lost 32.9% so far this year.
    * The company reported a quarterly loss of $5.83 million.
    * Wall Street's median 12-month price target for Inseego
Corp is
$1.50 
    * 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." 

This summary was machine generated from LSEG Refinitiv data May
3 at 09:02 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.08          -0.02          Beat
 Dec. 31 2022      -0.09          -0.11          Missed
 Sep. 30 2022      -0.08          -0.11          Missed
 Jun. 30 2022      -0.11          -0.09          Beat