Identiv Inc reports results for the quarter ended in December - Earnings Summary

INVE Technologies

12/03/2024 21:01

* Identiv Inc  INVE.OQ  reported a quarterly adjusted loss
of 8
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported breakeven
earnings per share.  The mean expectation of three analysts for
the quarter was for a loss of 3 cents per share. Wall Street
expected results to range from -5 cents to -1 cents per share.
    * Revenue fell 0.1% to $28.99 million from a year ago;
analysts
expected $30.00 million. 
    * Identiv Inc's reported EPS for the quarter was a loss of 8
cents​.
    * The company reported a quarterly loss of $1.92 million.
    * Identiv Inc shares had risen by 4.7% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Identiv Inc
is
$9.50 

This summary was machine generated from LSEG data March 12 at
09:00 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.03          -0.08          Missed
 Sep. 30 2023      0.02           -0.01          Missed
 Jun. 30 2023      -0.06          -0.06          Met
 Mar. 31 2023      -0.06          -0.13          Missed