Veritone Inc expected to post a loss of 25 cents a share - Earnings Preview

Veritone

05/08/2023 03:05

* Veritone Inc  VERI.OQ   VERI.O  is expected to show a fall
in
quarterly revenue when it reports  results on August 8. 
    * The Denver Colorado-based  company is expected to report 
a
15.1% decrease in revenue to $29.073 million from $34.24 million
a year ago, according to the mean estimate from 5 analysts,
based on Refinitiv data. The company's guidance on May 2 2023,
for the period ended June 30, was for revenue between $32.00
million and $34.00 million.
    * ​Refinitiv's mean analyst estimate for Veritone Inc is for
a
loss of 25 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 4
"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
$4​, below​ its last closing price of $4.03. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  -0.24       -0.24      -0.26     Missed  -8.6
 Dec. 31 2023  0.07        0.07       0.05      Missed  -28.6
 Sep. 30 2022  -0.18       -0.18      -0.16     Beat    11.1​
 Jun. 30 2022  -0.10       -0.09      -0.20     Missed  -118.7
 ​​Mar.        -0.10       -0.10      -0.15     Missed  -52.2
 31 2022                                                
 Dec. 31 2021  0.21        0.21       0.37      Beat    80.5​
 Sep. 30 2021  -0.11       -0.11      -0.07     Beat    38.6
 Jun. 30 2021  -0.14       -0.14      -0.12     Beat    15.5
 This summary was machine generated August 5 at 02:04 GMT.  All
figures in US dollars  unless otherwise stated