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

Inseego

02/11/2023 21:48

* Inseego Corp  INSG.OQ  reported a quarterly adjusted loss
of 16
cents​​ per share for the quarter ended in September, lower than
the same quarter last year, when the company reported EPS of -11
cents.  The mean expectation of three analysts for the quarter
was for a loss of 2 cents per share. 
    * Revenue fell 29.8% to $48.58 million from a year ago;
analysts
expected $55.26 million. 
    * Inseego Corp's reported EPS for the quarter was a loss
of 19
cents​.
    * The company reported a quarterly loss of $22.56 million.
    * Inseego Corp shares had risen by 4.3% this quarter and
lost 48.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 25% 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
$1.35 
This summary was machine generated from LSEG data November 2 at
09:48 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -0.02          -0.16          Missed
 Jun. 30 2023      -0.03          -0.02          Beat
 Mar. 31 2023      -0.08          -0.02          Beat
 Dec. 31 2022      -0.09          -0.11          Missed