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

INVE Technologies

09/08/2024 17:49

* Identiv Inc  INVE.OQ  reported a quarterly adjusted loss
of 27
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of -6
cents.  The mean expectation of three analysts for the quarter
was for a loss of 19 cents per share. Wall Street expected
results to range from -26 cents to -13 cents per share.
    * Revenue fell 77.2% to $6.74 million from a year ago;
analysts
expected $24.00 million. 
    * Identiv Inc's reported EPS for the quarter was a loss
of 27
cents​.
    * The company reported a quarterly loss of $6.45 million.
    * Identiv Inc shares had fallen by 16.5% this quarter and
lost 56.4% so far this year.

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." 
    * The average consensus recommendation for the electronic
equipment & parts peer group is also "buy"

Wall Street's median 12-month price target for Identiv Inc is
$8.25 
This summary was machine generated from LSEG data August 9 at
04:49 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
 Jun. 30 2024      -0.19          -0.27          Missed
 Mar. 31 2024      -0.15          -0.21          Missed
 Dec. 31 2023      -0.03          -0.08          Missed
 Sep. 30 2023      0.02           -0.01          Missed