Matterport Inc reports results for the quarter ended December 31 - Earnings Summary

• Matterport Inc MTTR.OQ reported a quarterly adjusted loss of 2 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -4 cents. The mean expectation of two analysts for the quarter was for a loss of one cent per share.

• Revenue fell 55.1% to $17.76 million from a year ago; analysts expected $42.85 million.

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

• The company reported a quarterly loss of $40.51 million.

• Matterport Inc shares had risen by 13.9% this quarter.

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," 1 "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 February 26 at 11:26 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)