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

Veritone

08/05/2024 24:09

* Veritone Inc  VERI.OQ  reported a quarterly adjusted loss
of 20
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of -26
cents.  The lone analyst forecast for the quarter was for a loss
of 20 cents per share. 
    * Revenue rose 4.5% to $31.64 million from a year ago;
analysts
expected $30.70 million. 
    * Veritone Inc shares had fallen by 33.7% this quarter and
gained 92.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 56.9%
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 "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the it services &
consulting peer group is also "hold"

Wall Street's median 12-month price target for Veritone Inc is
$4.00 
This summary was machine generated from LSEG data May 7 at 11:09
p.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
 Mar. 31 2024      -0.20          -0.20          Met
 Dec. 31 2023      -0.15          -0.16          Missed
 Sep. 30 2023      -0.18          -0.21          Missed
 Jun. 30 2023      -0.25          -0.35          Missed