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

Equities analysts predict that Matterport, Inc. (NASDAQ:MTTR – Get Rating) will post earnings per share of ($0.14) for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Matterport’s earnings, with the highest EPS estimate coming in at ($0.13) and the lowest estimate coming in at ($0.14). Matterport reported earnings of ($0.62) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 77.4%. The firm is scheduled to issue its next earnings results on Monday, January 1st.

On average, analysts expect that Matterport will report full year earnings of ($0.49) per share for the current financial year, with EPS estimates ranging from ($0.51) to ($0.46). For the next fiscal year, analysts forecast that the company will post earnings of ($0.39) per share, with EPS estimates ranging from ($0.46) to ($0.33). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow Matterport.

Matterport (NASDAQ:MTTR – Get Rating) last released its quarterly earnings data on Tuesday, May 10th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.04. The company had revenue of $28.51 million for the quarter, compared to analysts’ expectations of $27.47 million. Matterport had a negative net margin of 233.50% and a negative return on equity of 53.37%. The business’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.01) EPS.

A number of equities research analysts recently weighed in on MTTR shares. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Matterport from $9.00 to $7.00 in a report on Wednesday, May 11th. Zacks Investment Research upgraded shares of Matterport from a “hold” rating to a “buy” rating and set a $7.75 target price on the stock in a report on Saturday, February 26th. Morgan Stanley started coverage on shares of Matterport in a report on Tuesday, April 19th. They issued an “equal weight” rating and a $9.00 target price on the stock. Credit Suisse Group lowered their target price on shares of Matterport from $23.00 to $13.00 and set an “outperform” rating on the stock in a report on Thursday, March 24th. Finally, Piper Sandler lowered their target price on shares of Matterport from $10.00 to $7.00 in a report on Friday, April 29th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $11.84.

In other news, CEO Raymond J. Pittman acquired 20,000 shares of the firm’s stock in a transaction on 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 purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Several institutional investors have recently added to or reduced their stakes in the company. Accel Wealth Management grew its position in shares of Matterport by 111.1% during the 4th quarter. Accel Wealth Management now owns 1,900 shares of the company’s stock valued at $39,000 after acquiring an additional 1,000 shares during the period. Wolff Wiese Magana LLC bought a new position in shares of Matterport during the 4th quarter valued at approximately $26,000. Rockefeller Capital Management L.P. grew its position in shares of Matterport by 400.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,875 shares of the company’s stock valued at $38,000 after acquiring an additional 1,500 shares during the period. Captrust Financial Advisors bought a new position in shares of Matterport during the 3rd quarter valued at approximately $34,000. Finally, Vestcor Inc bought a new position in shares of Matterport during the 3rd quarter valued at approximately $36,000. 41.53% of the stock is owned by hedge funds and other institutional investors.

Shares of MTTR stock traded down $0.07 on Friday, reaching $5.45. 8,196,797 shares of the company were exchanged, compared to its average volume of 7,949,683. The company has a market cap of $1.54 billion, a price-to-earnings ratio of -2.85 and a beta of 1.60. The company has a 50-day moving average of $6.67 and a 200-day moving average of $13.20. Matterport has a one year low of $3.94 and a one year high of $37.60.

About Matterport (Get Rating)

Matterport, Inc, a spatial data company, focuses on digitization and datafication of 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.

Recommended Stories