Matterport Inc reports results for the quarter ended September 30 - Earnings Summary

• Matterport Inc MTTR.OQ reported a quarterly adjusted loss of 1 cent​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of -4 cents. The mean expectation of four analysts for the quarter was for a loss of one cent per share.

• Revenue rose 7.8% to $43.79 million from a year ago; analysts expected $43.90 million.

• Matterport Inc's reported EPS for the quarter was a loss of 12 cents​.

• The company reported a quarterly loss of $38.4 million.

• Matterport Inc shares had risen by 7.3% this quarter and gained 79.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged 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," 5 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the software peer group is also "hold"

Wall Street's median 12-month price target for Matterport Inc is $5.50

This summary was machine generated from LSEG data November 13 at 02:19 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)