Veritone Inc reports results for the quarter ended June 30 - Earnings Summary
Veritone Inc reports results for the quarter ended June 30 - Earnings Summary
Veritone Inc VERI.OQ reported a quarterly adjusted loss of 10 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -18 cents. The mean expectation of four analysts for the quarter was for a loss of 11 cents per share. Wall Street expected results to range from -14 cents to -9 cents per share.
Revenue rose 1% to $24.26 million from a year ago; analysts expected $28.29 million.
Veritone Inc's reported EPS for the quarter was a loss of 24 cents.
The company reported a quarterly loss of $22.16 million.
Veritone Inc shares had risen by 10.9% this quarter and lost 67.3% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 27.8% 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 "buy" and the breakdown of recommendations is 4 "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 "buy"
Wall Street's median 12-month price target for Veritone Inc is $9.00, about 83.1% above its last closing price of $1.52
This summary was machine generated from LSEG data August 13 at 09:26 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 |
Jun. 30 2026 | -0.11 | -0.10 | Beat |
Mar. 31 2026 | -0.11 | -0.13 | Missed |
Dec. 31 2025 | -0.05 | -0.15 | Missed |
Sep. 30 2025 | -0.15 | -0.09 | Beat |
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Veritone plunges on deep-discounted direct stock deal
Brief: Veritone - Now Estimates $3.90 Million-$4.50 Million In Employee Transition Costs And $0.70 Million-$0.80 Million In Exit Costs