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

Iteris

08/02/2024 22:01

* Iteris Inc  ITI.OQ  reported quarterly adjusted earnings
of 1
cent​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of -5
cents.  The mean expectation of four analysts for the quarter
was for earnings of one cent per share. Wall Street expected
results to range from zero cents to 2 cents per share.
    * Revenue rose 3.5% to $42.13 million from a year ago;
analysts
expected $41.74 million. 
    * Iteris Inc's reported EPS for the quarter was 1 cent​.
    * The company reported quarterly net income of $355
thousand.
    * Iteris Inc shares had fallen by 0.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 62.5%
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 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the
communications &
networking peer group is also "buy"

Wall Street's median 12-month price target for Iteris Inc is
$6.00 
This summary was machine generated from LSEG data February 8 at
10:01 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      0.01           0.01           Met
 Sep. 30 2023      0.02           0.01           Missed
 Jun. 30 2023      -0.01          0.05           Beat
 Mar. 31 2023      0.04           -0.01          Missed