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

Iteris

09/08/2024 10:19

* Iteris Inc  ITI.OQ  reported quarterly adjusted earnings
of 1
cent​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of 5
cents.  The mean expectation of three analysts for the quarter
was for earnings of 5 cents per share. Wall Street expected
results to range from 4 cents to 6 cents per share.
    * Revenue rose 5.1% to $45.78 million from a year ago;
analysts
expected $44.18 million. 
    * Iteris Inc's reported EPS for the quarter was 1 cent​.
    * The company reported quarterly net income of $392
thousand.
    * Iteris Inc shares had fallen by 1.2% this quarter and
lost 17.7%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 16.7%
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," no
"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
$8.00 
This summary was machine generated from LSEG data August 9 at
09:18 a.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      0.05           0.01           Missed
 Mar. 31 2024      0.03           0.00           Missed
 Dec. 31 2023      0.01           0.01           Met
 Sep. 30 2023      0.02           0.01           Missed