Inseego (INSG) Set to Announce Earnings on Thursday

Inseego (NASDAQ:INSG) is set to post 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.Investors interested in participating in the company’s conference call can do so using this link.

Inseego (NASDAQ:INSG) last issued its quarterly earnings data on Wednesday, February 21st. The technology company reported ($1.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.80) by ($0.48). The company had revenue of $42.75 million during 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 Price Performance

Shares of Inseego stock opened at $3.81 on Wednesday. The company has a market capitalization of $45.26 million, a P/E ratio of -0.91 and a beta of 1.18. The business’s fifty day moving average price is $3.02 and its two-hundred day moving average price is $2.71. Inseego has a 1-year low of $1.62 and a 1-year high of $12.30.

Analysts Set New Price Targets

Separately, TD Cowen upped their price target on shares of Inseego from $2.50 to $3.50 and gave the stock 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.