Analysts expect that Matterport, Inc. (NASDAQ:MTTR – Get Rating) will report earnings per share of ($0.14) for the current quarter, according to Zacks. Four analysts have made estimates for Matterport’s earnings, with the highest EPS estimate coming in at ($0.13) and the lowest estimate coming in at ($0.14). The business is scheduled to announce its next earnings results after the market closes on Monday, January 1st.
On average, analysts expect that Matterport will report full-year earnings of ($0.48) per share for the current year, with EPS estimates ranging from ($0.49) to ($0.47). For the next financial year, analysts expect that the firm will post earnings of ($0.30) per share, with EPS estimates ranging from ($0.36) to ($0.23). Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Matterport.
Matterport (NASDAQ:MTTR – Get Rating) last released its quarterly earnings results on Wednesday, February 16th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.58) by ($0.08). The company had revenue of $27.09 million for the quarter, compared to the consensus estimate of $25.14 million. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year.
In other Matterport news, CEO Raymond J. Pittman purchased 20,000 shares of the firm’s stock in a transaction dated Thursday, February 24th. The stock was purchased at an average price of $6.61 per share, for a total transaction of $132,200.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Several hedge funds have recently bought and sold shares of the company. Wolff Wiese Magana LLC bought a new stake in Matterport during the fourth quarter valued at about $26,000. Captrust Financial Advisors bought a new stake in Matterport during the third quarter valued at about $34,000. Rockefeller Capital Management L.P. grew its holdings in Matterport by 400.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,875 shares of the company’s stock valued at $38,000 after purchasing an additional 1,500 shares during the period. Accel Wealth Management grew its holdings in Matterport by 111.1% during the fourth quarter. Accel Wealth Management now owns 1,900 shares of the company’s stock valued at $39,000 after purchasing an additional 1,000 shares during the period. Finally, Vestcor Inc bought a new stake in Matterport during the third quarter valued at about $36,000. Hedge funds and other institutional investors own 33.26% of the company’s stock.
Shares of NASDAQ MTTR opened at $5.74 on Monday. The company has a 50 day simple moving average of $7.24 and a two-hundred day simple moving average of $14.72. Matterport has a fifty-two week low of $5.44 and a fifty-two week high of $37.60.
About Matterport (Get Rating)
Matterport, Inc, a spatial data company, focuses on digitizing and indexing the built world. It offers Matterport digital twins, a 3D data platform to design, build, operate, promote, and understand spaces. The company offers Matterport Capture, an application that enables to capture depth, data, and imagery of a space using 3D cameras, 360 cameras, and iPhones; Matterport Workshop application to customize, add additional details, and share spaces; Matterport Showcase application for audience view and explore space in its final format; and Matterport VR to experience virtual reality.
- Get a free copy of the StockNews.com research report on Matterport (MTTR)
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