Inseego (INSG) Scheduled to Post Quarterly Earnings on Thursday

Inseego (NASDAQ:INSG) will release its earnings data after the market closes on Thursday, May 9th. Analysts expect Inseego to post earnings of ($0.49) per share for the quarter. Inseego has set its Q1 2024 guidance at EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Inseego (NASDAQ:INSG) last issued its quarterly earnings data on Wednesday, February 21st. The technology company reported ($1.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.80) by ($0.48). The firm had revenue of $42.75 million for the quarter, compared to analysts’ expectations of $40.57 million. On average, analysts expect Inseego to post $-2 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Inseego Stock Up 4.9 %

Shares of Inseego stock opened at $3.84 on Tuesday. The firm’s 50 day moving average price is $2.99 and its 200-day moving average price is $2.71. Inseego has a 52-week low of $1.62 and a 52-week high of $12.30. The company has a market cap of $45.62 million, a P/E ratio of -0.92 and a beta of 1.18.

Analysts Set New Price Targets

Separately, TD Cowen lifted their price objective on shares of Inseego from $2.50 to $3.50 and gave the company a “market perform” rating in a research note on Wednesday, March 13th.

About Inseego

Inseego Corp. engages in the design and development of cloud-managed wireless wide area network (WAN) and intelligent edge solutions for businesses, consumers, and governments worldwide. The company provides 5G and 4G mobile broadband solutions, such as mobile hotspots under the MiFi brand; and 4G VoLTE products and 4G USB modems.