Brokers Set Expectations for IDEX Biometrics ASA’s Q2 2023 Earnings (NASDAQ:IDBA)

IDEX Biometrics ASA (NASDAQ:IDBA – Get Rating) – Equities researchers at Zacks Small Cap cut their Q2 2023 earnings per share (EPS) estimates for shares of IDEX Biometrics ASA in a report released on Tuesday, May 23rd. Zacks Small Cap analyst L. Thompson now anticipates that the company will post earnings of ($0.44) per share for the quarter, down from their previous forecast of ($0.39). The consensus estimate for IDEX Biometrics ASA’s current full-year earnings is ($1.48) per share. Zacks Small Cap also issued estimates for IDEX Biometrics ASA’s Q3 2023 earnings at ($0.42) EPS and FY2023 earnings at ($1.61) EPS.

IDEX Biometrics ASA Stock Up 1.3 %

IDBA opened at $5.67 on Friday. The business’s fifty day simple moving average is $6.67 and its 200 day simple moving average is $7.22. IDEX Biometrics ASA has a 52 week low of $4.60 and a 52 week high of $14.15. The firm has a market cap of $88.37 million, a P/E ratio of -2.89 and a beta of 1.99. The company has a quick ratio of 3.85, a current ratio of 4.74 and a debt-to-equity ratio of 0.05.

IDEX Biometrics ASA (NASDAQ:IDBA – Get Rating) last released its quarterly earnings results on Wednesday, February 22nd. The company reported ($0.45) earnings per share for the quarter, hitting the consensus estimate of ($0.45). The company had revenue of $1.07 million during the quarter, compared to the consensus estimate of $1.00 million. IDEX Biometrics ASA had a negative return on equity of 157.51% and a negative net margin of 749.33%. During the same quarter last year, the business posted ($1.50) earnings per share.

About IDEX Biometrics ASA

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IDEX Biometrics ASA engages in the design, development, and sale of fingerprint authentication solutions in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific regions. The company's fingerprint authentication solutions are used primarily in contactless financial payment, access control, and smart cards, as well as card-based devices for the storage of digital currencies.