Innoviz Technologies Ltd INVZ.OQ reported a quarterly adjusted loss of 46 cents per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of -18 cents. The mean expectation of five analysts for the quarter was for a loss of 14 cents per share. Wall Street expected results to range from -19 cents to -12 cents per share.
Revenue rose 423.7% to $18.24 million from a year ago; analysts expected $4.46 million.
Innoviz Technologies Ltd's reported EPS for the quarter was a loss of 46 cents.
The company reported a quarterly loss of $76.16 million.
Innoviz Technologies Ltd shares had fallen by 30.4% this quarter and lost 77.2% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 0.4% 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 3 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."
The average consensus recommendation for the electronic equipment & parts peer group is also "buy"
Wall Street's median 12-month price target for Innoviz Technologies Ltd is $2.50
This summary was machine generated from LSEG data November 13 at 03:23 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 |
Sep. 30 2024 | -0.14 | -0.46 | Missed |
Jun. 30 2024 | -0.15 | -0.13 | Beat |
Mar. 31 2024 | -0.15 | -0.18 | Missed |
Dec. 31 2023 | -0.18 | -0.18 | Met |
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