Identiv Inc expected to post a loss of 3 cents a share - Earnings Preview

INVE Technologies

27/02/2024 21:24

* Identiv Inc  INVE.OQ   INVE.O  is expected to show a rise
in
quarterly revenue when it reports  results on February 29
(estimated) for the period ending December 31 2023
    * The Fremont California-based  company is expected to
report a
3.4% increase in revenue to $30 million from $29 million a year
ago, according to the mean estimate from 3 analysts, based on
LSEG data.The company's guidance on November 7 2023, for the
period ended December 31, was for revenue between $29.00 million
and $31.00 million.
    * ​LSEG's mean analyst estimate for Identiv Inc is for a
loss of 3
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
$9.50​, above​ its last closing price of $8.74. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 31 2022  -0.01       0.00       0.00      Met     100
 ​​Sep.        0.07        0.06       0.01      Missed  -84.4
 30 2022                                                
 Jun. 30 2022  -0.03       -0.02      -0.02     Met     0​
 Mar. 31 2022  -0.07       -0.07      -0.06     Beat    18.9
 Dec. 31 2021  0.03        0.03       -0.10     Missed  -407.7
 This summary was machine generated February 27 at 21:24 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)