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

Iteris

09/08/2023 06:11

* Iteris Inc  ITI.OQ  reported quarterly adjusted earnings
of 5
cents​​ per share for the quarter ended in June. The mean
expectation of four analysts for the quarter was for a loss of
one cent per share.
    * Revenue rose 29.3% to $43.55 million from a year ago;
analysts
expected $38.33 million. 
    * Iteris Inc's reported EPS for the quarter was 5 cents​.
    * The mean earnings estimate of analysts had fallen by
about 156.3% in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Iteris Inc shares had risen by 5.3% this quarter and
gained 34.1% so far this year.
    * The company reported quarterly net income of $2.13
million.
    * Wall Street's median 12-month price target for Iteris Inc
is
$5.50 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 05:11 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.01          0.05           Beat
 Mar. 31 2023      0.04           -0.01          Missed
 Dec. 31 2022      -0.05          -0.05          Met
 Sep. 30 2022      -0.03          -0.17          Missed