Iteris Inc expected to post earnings of 5 cents a share - Earnings Preview

Iteris

07/08/2024 03:57

* Iteris Inc  ITI.OQ   ITI.O  is expected to show a rise in
quarterly revenue when it reports  results on August 8 for the
period ending June 30 2024
    * The Austin Texas-based  company is expected to report a
1.5% increase in revenue to $44.182 million from $43.55 million
a year ago, according to the mean estimate from 3 analysts,
based on LSEG data.The company's guidance on June 13 2024, for
the period ended June 30, was for revenue between $43.50 million
and $45.50 million.
    * ​LSEG's mean analyst estimate for Iteris Inc is for
earnings of
5 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "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 Iteris Inc
is
$8.00​, above​ its last closing price of $4.07. ​​​

The company's guidance on June 13 2024 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between USD43.5 million and USD2.9575 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   0.02        0.03       0.00      Missed  -100
 Dec. 31 0001  0.01        0.01       0.01      Met     33.3
 Sep. 30 2023  0.01        0.02       0.01      Missed  -42.9​
 Jan. 1 0001   0.00        -0.01      0.05      Beat    766.7
 ​​Mar.                    0.04       -0.01     Missed  -128.6
 31 2023                                                
 Dec. 31 2022  -0.05       -0.05      -0.05     Met     0​
 Sep. 30 2022  -0.03       -0.03      -0.17     Missed  -410.1
 Jun. 30 2022  -0.05       -0.05      -0.11     Missed  -135.7
 This summary was machine generated August 7 at 02:56 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)