Inseego Corp reports results for the quarter ended June 30 - Earnings Summary

• Inseego Corp INSG.OQ reported quarterly adjusted earnings of 9 cents​​ per share for the quarter ended June 30, identical to the same quarter last year. The mean expectation of three analysts for the quarter was for earnings of 3 cents per share. Wall Street expected results to range from -1 cents to 7 cents per share.

• Revenue fell 32% to $40.22 million from a year ago; analysts expected $38.53 million.

• Inseego Corp's reported EPS for the quarter was a loss of 3 cents​.

• The company reported a quarterly loss of $376 thousand.

• Inseego Corp shares had fallen by 14.1% this quarter and lost 31.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 33.3% 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 1 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the communications & networking peer group is "buy."

• Wall Street's median 12-month price target for Inseego Corp is $10.00, about 27.2% above its last closing price of $7.28

This summary was machine generated from LSEG data August 8 at 03:58 a.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)