Innoviz Technologies (INVZ) Scheduled to Post Earnings on Wednesday

Innoviz Technologies (NASDAQ:INVZ) is scheduled to announce its earnings results before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of ($0.13) per share for the quarter. Innoviz Technologies has set its Q1 2024 guidance at EPS.Investors that wish to listen to the company’s conference call can do so using this link.

Innoviz Technologies (NASDAQ:INVZ) last announced its earnings results on Wednesday, February 28th. The company reported ($0.18) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.18). The company had revenue of $14.92 million during the quarter, compared to analyst estimates of $12.25 million. Innoviz Technologies had a negative return on equity of 78.39% and a negative net margin of 591.37%. On average, analysts expect Innoviz Technologies to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Innoviz Technologies Stock Up 8.0 %

Shares of NASDAQ INVZ opened at $1.21 on Monday. Innoviz Technologies has a 12-month low of $0.94 and a 12-month high of $4.39. The firm’s 50-day simple moving average is $1.32 and its 200 day simple moving average is $1.71. The company has a market cap of $164.78 million, a price-to-earnings ratio of -1.42 and a beta of 1.07.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Rosenblatt Securities decreased their price target on shares of Innoviz Technologies from $5.00 to $3.25 and set a “neutral” rating on the stock in a research note on Thursday, February 29th. The Goldman Sachs Group lowered their target price on Innoviz Technologies from $3.00 to $2.50 and set a “buy” rating for the company in a research note on Thursday, January 25th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $7.00 price target (down previously from $13.00) on shares of Innoviz Technologies in a research note on Tuesday, March 26th.

Innoviz Technologies Company Profile

Innoviz Technologies Ltd. manufactures and sells automotive grade LiDAR sensors and perception software to enable safe autonomous driving at a mass scale. The company offers InnovizOne, a solid-state LiDAR sensor designed for automakers and robotaxis, shuttles, trucks, and delivery companies requiring an automotive-grade and mass-producible solution to achieve autonomy.