Inseego (INSG) to Release Quarterly Earnings on Thursday

Inseego (NASDAQ:INSG) will be posting its quarterly earnings results after the market closes on Thursday, May 9th. Analysts expect Inseego to post earnings of ($0.49) per share for the quarter. Inseego has set its Q1 2024 guidance at EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

Inseego (NASDAQ:INSG) last posted its quarterly earnings results on Wednesday, February 21st. The technology company reported ($1.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.80) by ($0.48). The business had revenue of $42.75 million for the quarter, compared to analyst estimates 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 Stock Performance

Shares of NASDAQ:INSG opened at $3.81 on Wednesday. Inseego has a 52-week low of $1.62 and a 52-week high of $12.30. The business’s 50 day simple moving average is $3.02 and its two-hundred day simple moving average is $2.71. The firm has a market cap of $45.26 million, a P/E ratio of -0.91 and a beta of 1.18.

Analysts Set New Price Targets

Separately, TD Cowen lifted their price objective on shares of Inseego from $2.50 to $3.50 and gave the company a “market perform” rating in a report on Wednesday, March 13th.

About Inseego

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.