Equities research analysts expect that Iteris, Inc. (NASDAQ:ITI – Get Rating) will post $34.26 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Iteris’ earnings, with the lowest sales estimate coming in at $33.80 million and the highest estimate coming in at $34.72 million. Iteris reported sales of $31.71 million in the same quarter last year, which indicates a positive year-over-year growth rate of 8%. The business is scheduled to announce its next earnings report after the market closes on Monday, January 1st.
On average, analysts expect that Iteris will report full-year sales of $133.60 million for the current financial year, with estimates ranging from $133.14 million to $134.06 million. For the next financial year, analysts anticipate that the company will post sales of $145.32 million, with estimates ranging from $144.72 million to $145.92 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Iteris.
ITI has been the subject of several recent analyst reports. Zacks Investment Research upgraded Iteris from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 7th. StockNews.com assumed coverage on Iteris in a research note on Thursday, March 31st. They set a “hold” rating for the company. TheStreet lowered Iteris from a “c-” rating to a “d+” rating in a research report on Friday, February 4th. Craig Hallum lowered Iteris from a “buy” rating to a “hold” rating and dropped their price target for the company from $6.00 to $4.50 in a research report on Friday, February 4th. Finally, B. Riley decreased their price objective on Iteris from $8.00 to $6.00 in a report on Friday, February 4th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $6.83.
Shares of ITI stock opened at $2.49 on Friday. The stock has a market cap of $105.40 million, a PE ratio of -22.64 and a beta of 1.34. The business has a 50-day simple moving average of $2.81 and a 200-day simple moving average of $3.60. Iteris has a 52-week low of $2.40 and a 52-week high of $7.77.
About Iteris (Get Rating)
Iteris, Inc provides intelligent transportation systems technology solutions in Canada and Europe. It operates through Roadway Sensors and Transportation Systems segments. The Roadway Sensors segment offers detection sensors and systems for traffic intersection management, communication systems, and roadway traffic data collection applications.
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