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

• Identiv Inc INVE.OQ reported a quarterly adjusted loss of 19 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of -8 cents. The mean expectation of three analysts for the quarter was for a loss of 29 cents per share. Wall Street expected results to range from -38 cents to -23 cents per share.

• Revenue fell 76.9% to $6.70 million from a year ago; analysts expected $6.12 million.

• Identiv Inc's reported EPS for the quarter was a loss of 11 cents​.

• The company reported a quarterly loss of $2.68 million.

• Identiv Inc shares had fallen by 5.7% 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 "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," no "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 Identiv Inc is $7.00

This summary was machine generated from LSEG data March 5 at 11:27 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)