Brokerages Anticipate Iteris, Inc. (ITI) Will Announce Quarterly Sales of $26.42 Million
Wall Street brokerages expect Iteris, Inc. (NASDAQ:ITI) to announce sales of $26.42 million for the current quarter, according to Zacks. Two analysts have made estimates for Iteris’ earnings. The highest sales estimate is $26.60 million and the lowest is $26.25 million. Iteris posted sales of $24.06 million during the same quarter last year, which indicates a positive year-over-year growth rate of 9.8%. The firm is expected to issue its next earnings report after the market closes on Tuesday, November 7th.
According to Zacks, analysts expect that Iteris will report full year sales of $26.42 million for the current financial year, with estimates ranging from $102.69 million to $103.64 million. For the next year, analysts expect that the business will report sales of $115.72 million per share, with estimates ranging from $114.00 million to $117.43 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Iteris.
Separately, Dougherty & Co reissued a “buy” rating on shares of Iteris in a research note on Thursday, August 17th.
Shares of Iteris (ITI) opened at $6.76 on Friday.
Iteris Company Profile
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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