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

Veritone

02/05/2023 23:06

* Veritone Inc  VERI.OQ  reported a quarterly adjusted loss
of 26
cents​​ per share for the quarter ended in March. The mean
expectation of six analysts for the quarter was for a loss of 24
cents per share.
    * Revenue fell 12% to $30.26 million from a year ago;
analysts
expected $29.79 million. 
    * Veritone Inc's reported EPS for the quarter was a loss
of 62
cents​.
    * The mean earnings estimate of analysts had fallen by
about 94.1%
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 fallen by 22.1% this quarter and
lost 14.3% so far this year.
    * The company reported a quarterly loss of $22.78 million.
    * Wall Street's median 12-month price target for Veritone
Inc is
$7.50 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
2 at 10:06 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.24          -0.26          Missed
 Dec. 31 2022      0.07           0.05           Missed
 Sep. 30 2022      -0.18          -0.16          Beat
 Jun. 30 2022      -0.09          -0.20          Missed