Identiv Inc expected to post a loss of 15 cents a share - Earnings Preview

INVE Technologies

07/05/2024 03:23

* Identiv Inc  INVE.OQ   INVE.O  is expected to show a fall
in
quarterly revenue when it reports  results on May 8 for the
period ending March 31 2024
    * The Fremont California-based  company is expected to
report a
11.5% decrease in revenue to $23 million from $26 million a year
ago, according to the mean estimate from 3 analysts, based on
LSEG data.The company's guidance on March 12 2024, for the
period ended March 31, was for revenue between $22.00 million
and $24.00 million.
    * ​LSEG's mean analyst estimate for Identiv Inc is for a
loss
of 15 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Identiv Inc
is
$9.25​, above​ its last closing price of $5.11. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023              -0.03      -0.08     Missed  -140
 Sep. 30 2023  -0.01       0.02       -0.01     Missed  -150
 Jun. 30 2023  -0.08       -0.06      -0.06     Met     4​
 Mar. 31 2023  -0.07       -0.06      -0.13     Missed  -108
 ​​Dec.        -0.01       0.00       0.00      Met     100
 31 2022                                                
 Sep. 30 2022  0.07        0.06       0.01      Missed  -84.4​
 Jun. 30 2022  -0.03       -0.02      -0.02     Met     0
 Mar. 31 2022  -0.07       -0.07      -0.06     Beat    18.9
 This summary was machine generated May 7 at 02:23 GMT.  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)