Iteris Inc expected to post earnings of 3 cents a share - Earnings Preview

Reuters

Nov 06, 2024

* Iteris Inc is expected to show a rise in quarterly revenue when it reports results on November 7 (estimated) for the period ending September 30 2024

* The Austin Texas-based company is expected to report a 7.3% increase in revenue to $46.738 million from $43.56 million a year ago, according to the mean estimate from 2 analysts, based on LSEG data.The company's guidance on August 8 2024, for the period ended September 30, was for revenue between $44.00 million and $48.00 million.

* LSEG's mean analyst estimate for Iteris Inc is for earnings of 3 cents per share.

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

* The mean earnings estimate of analysts was unchanged in the last three months.

* Wall Street's median 12-month price target for Iteris Inc is $7.20, above its last closing price of $7.19.

The company's guidance on August 8 2024 for the period ended September 30 was for Earnings before Interest, Taxes, Depreciation and Amortization of between USD44 million and USD3.36 million. This summary was machine generated November 6 at 14:35 GMT. 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)

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