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

• Veritone Inc VERI.OQ reported a quarterly adjusted loss of 20 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of -16 cents. The mean expectation of three analysts for the quarter was for a loss of 22 cents per share. Wall Street expected results to range from -30 cents to -15 cents per share.

• Revenue fell 34.4% to $22.43 million from a year ago; analysts expected $22.91 million.

• Veritone Inc's reported EPS for the quarter was 72 cents​.

• The company reported quarterly net income of $31.79 million.

• Veritone Inc shares had fallen by 26.2% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 48.9% 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 2 "strong buy" or "buy," 1 "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 Veritone Inc is $4.50

This summary was machine generated from LSEG data March 13 at 09:01 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)