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

• Veritone Inc VERI.OQ reported a quarterly adjusted loss of 25 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of -20 cents. The mean expectation of four analysts for the quarter was for a loss of 21 cents per share. Wall Street expected results to range from -25 cents to -18 cents per share.

• Revenue fell 29% to $22.46 million from a year ago; analysts expected $23.78 million.

• Veritone Inc's reported EPS for the quarter was a loss of 44 cents​.

• The company reported a quarterly loss of $19.88 million.

• Veritone Inc shares had fallen by 20.0% this quarter and lost 43.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 70.7% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "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 $5.25

This summary was machine generated from LSEG data May 8 at 11:18 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)