Veritone Inc expected to post a loss of 15 cents a share - Earnings Preview

Veritone

08/03/2024 21:41

* Veritone Inc  VERI.OQ   VERI.O  is expected to show a fall
in
quarterly revenue when it reports  results on March 12 for the
period ending December 31 2023
    * The Denver Colorado-based  company is expected to report a
23.0% decrease in revenue to $33.795 million from $43.89 million
a year ago, according to the mean estimate from 4 analysts,
based on LSEG data.The company's guidance on November 8 2023,
for the period ended December 31, was for revenue between $33.00
million and $34.50 million.
    * ​LSEG's mean analyst estimate for Veritone Inc is for a
loss
of 15 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 3
"hold" and 1 "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 Veritone
Inc is
$1.93​, below​ its last closing price of $2.19. ​​​

The company's guidance on November 8 2023 for the period ended
December 31 was for gross profit margin of USD80%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  -0.18       -0.18      -0.21     Missed  -16.7
 Jun. 30 2023  -0.26       -0.25      -0.35     Missed  -42.3
 Mar. 31 2023  -0.24       -0.24      -0.26     Missed  -8.6​
 Dec. 31 2022  0.07        0.07       0.05      Missed  -28.6
 ​​Sep.        -0.18       -0.18      -0.16     Beat    11.1
 30 2022                                                
 Jun. 30 2022  -0.10       -0.09      -0.20     Missed  -118.7
                                                        ​
 Mar. 31 2022  -0.10       -0.10      -0.15     Missed  -52.2
 Dec. 31 2021  0.21        0.21       0.37      Beat    80.5
 This summary was machine generated March 8 at 21:41 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)