Innoviz Technologies (INVZ) to Release Earnings on Wednesday

Innoviz Technologies (NASDAQ:INVZ) will be posting its quarterly earnings results before the market opens on Wednesday, May 8th. Analysts expect Innoviz Technologies to post earnings of ($0.13) per share for the quarter. Innoviz Technologies has set its Q1 2024 guidance at EPS.Parties that wish to register for the company’s conference call can do so using this link.

Innoviz Technologies (NASDAQ:INVZ) last announced its quarterly earnings data on Wednesday, February 28th. The company reported ($0.18) earnings per share for the quarter, hitting the consensus estimate of ($0.18). Innoviz Technologies had a negative return on equity of 78.39% and a negative net margin of 591.37%. The business had revenue of $14.92 million during the quarter, compared to the consensus estimate of $12.25 million. On average, analysts expect Innoviz Technologies to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Innoviz Technologies Stock Up 8.0 %

Innoviz Technologies stock opened at $1.21 on Monday. The stock has a market cap of $164.78 million, a PE ratio of -1.42 and a beta of 1.07. Innoviz Technologies has a 12-month low of $0.94 and a 12-month high of $4.39. The business’s 50-day moving average price is $1.32 and its two-hundred day moving average price is $1.71.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on INVZ shares. The Goldman Sachs Group decreased their price target on shares of Innoviz Technologies from $3.00 to $2.50 and set a “buy” rating on the stock in a report on Thursday, January 25th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $7.00 target price (down previously from $13.00) on shares of Innoviz Technologies in a research note on Tuesday, March 26th. Finally, Rosenblatt Securities dropped their price target on Innoviz Technologies from $5.00 to $3.25 and set a “neutral” rating for the company in a research note on Thursday, February 29th.

Innoviz Technologies Company Profile

Innoviz Technologies Ltd. manufactures and sells automotive grade LiDAR sensors and perception software to enable safe autonomous driving at a mass scale. The company offers InnovizOne, a solid-state LiDAR sensor designed for automakers and robotaxis, shuttles, trucks, and delivery companies requiring an automotive-grade and mass-producible solution to achieve autonomy.