Inseego (INSG) Set to Announce Quarterly Earnings on Thursday

Inseego (NASDAQ:INSG) is scheduled to issue its quarterly earnings data after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of ($0.49) per share for the quarter. Inseego has set its Q1 2024 guidance at EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Inseego (NASDAQ:INSG) last released its earnings results on Wednesday, February 21st. The technology company reported ($1.28) EPS for the quarter, missing the consensus estimate of ($0.80) by ($0.48). The company 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 Price Performance

NASDAQ:INSG opened at $4.02 on Thursday. The stock has a market cap of $47.76 million, a P/E ratio of -0.96 and a beta of 1.33. Inseego has a one year low of $1.62 and a one year high of $12.30. The company has a fifty day moving average price of $2.90 and a 200 day moving average price of $2.72.

Analysts Set New Price Targets

Separately, TD Cowen increased 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.

Inseego Company Profile

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.