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

Veritone

02/03/2023 22:01

* Veritone Inc  VERI.OQ  reported a quarterly adjusted loss
of 21
cents​​ per share for the quarter ended in December. The mean
expectation of six analysts for the quarter was for earnings of
7 cents per share.
    * Revenue fell 20.4% to $43.89 million from a year ago;
analysts
expected $44.76 million. 
    * The mean earnings estimate of analysts had fallen by
about 2% in
the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Veritone Inc shares had risen by 21.5% this quarter.
    * Wall Street's median 12-month price target for Veritone
Inc is
$9.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data March 2
at 10:01 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.07           -0.21          Missed
 Sep. 30 2022      -0.18          -0.16          Beat
 Jun. 30 2022      -0.09          -0.20          Missed
 Mar. 31 2022      -0.10          -0.15          Missed