Identiv Inc expected to post a loss of 19 cents a share - Earnings Preview

INVE Technologies

07/08/2024 01:22

* Identiv Inc  INVE.OQ   INVE.O  is expected to show a fall
in
quarterly revenue when it reports  results on August 8 for the
period ending June 30 2024
    * The Fremont California-based  company is expected to
report a
18.8% decrease in revenue to $24 million from $29.56 million a
year ago, according to the mean estimate from 3 analysts, based
on LSEG data.The company's guidance on May 8 2024, for the
period ended June 30, was for revenue between $23.00 million and
$25.00 million.
    * ​LSEG's mean analyst estimate for Identiv Inc is for a
loss
of 19 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
$8.75​, above​ its last closing price of $3.66. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  -0.17       -0.15      -0.21     Missed  -37
 Dec. 31 2024              -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.        -0.07       -0.06      -0.13     Missed  -108
 31 2023                                                
 Dec. 31 2022  -0.01       0.00       0.00      Met     100​
 Sep. 30 2022  0.07        0.06       0.01      Missed  -84.4
 Jun. 30 2022  -0.03       -0.02      -0.02     Met     0
 This summary was machine generated August 7 at 00:22 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)