Matterport, Inc. (NASDAQ:MTTR) Expected to Post Earnings of -$0.14 Per Share

Analysts expect that Matterport, Inc. (NASDAQ:MTTRGet 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:MTTRGet 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.

Several analysts recently weighed in on MTTR shares. Morgan Stanley started coverage on Matterport in a research note on Tuesday, April 19th. They issued an “equal weight” rating and a $9.00 price target on the stock. Zacks Investment Research upgraded Matterport from a “hold” rating to a “buy” rating and set a $7.75 price objective for the company in a research note on Saturday, February 26th. Wedbush lowered their price objective on Matterport from $38.00 to $10.00 in a research note on Thursday, February 17th. Piper Sandler lowered their price objective on Matterport from $10.00 to $7.00 in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Matterport from $14.00 to $9.00 in a research note on Friday, February 18th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $12.59.

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.

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Earnings History and Estimates for Matterport (NASDAQ:MTTR)

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