Zacks: Brokerages Expect Iteris, Inc. (ITI) Will Post Quarterly Sales of $26.42 Million
Wall Street analysts forecast that Iteris, Inc. (NASDAQ:ITI) will report $26.42 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Iteris’ earnings, with the highest sales estimate coming in at $26.60 million and the lowest estimate coming in at $26.25 million. Iteris posted sales of $24.06 million during the same quarter last year, which would indicate a positive year over year growth rate of 9.8%. The firm is expected to report its next quarterly earnings results on Wednesday, November 8th.
According to Zacks, analysts expect that Iteris will report full-year sales of $26.42 million for the current year, with estimates ranging from $102.69 million to $103.64 million. For the next financial year, analysts expect that the firm will report sales of $115.72 million per share, with estimates ranging from $114.00 million to $117.43 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Iteris.
Separately, Dougherty & Co reissued a “buy” rating on shares of Iteris in a research report on Thursday, August 17th.
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Shares of Iteris (ITI) opened at 7.83 on Monday. The company’s market cap is $254.99 million. Iteris has a 1-year low of $3.20 and a 1-year high of $8.17. The company has a 50-day moving average price of $6.67 and a 200-day moving average price of $6.08.
Iteris, Inc is a provider of information solutions for both the traffic management and global agribusiness markets. The Company operates through three segments: Roadway Sensors, Transportation Systems and Performance Analytics. The Roadway Sensors segment provides various vehicle detection and information systems and products for traffic intersection control, incident detection and roadway traffic data collection applications.
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