Inseego (INSG) Set to Announce Quarterly Earnings on Thursday

Inseego (NASDAQ:INSG) is scheduled to be announcing its quarterly earnings results after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of ($0.49) per share for the quarter. Inseego has set its Q1 2024 guidance at EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Inseego (NASDAQ:INSG) last released its quarterly earnings results on Wednesday, February 21st. The technology company reported ($1.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.80) by ($0.48). The company had revenue of $42.75 million for the quarter, compared to analysts’ expectations of $40.57 million. On average, analysts expect Inseego to post $-2 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Inseego Price Performance

Inseego stock opened at $3.84 on Tuesday. The firm has a market capitalization of $45.62 million, a P/E ratio of -0.92 and a beta of 1.18. Inseego has a 1-year low of $1.62 and a 1-year high of $12.30. The company’s 50-day moving average is $2.99 and its 200 day moving average is $2.71.

Analysts Set New Price Targets

Separately, TD Cowen increased their price target on Inseego from $2.50 to $3.50 and gave the stock a “market perform” rating in a report on Wednesday, March 13th.

About Inseego

Inseego Corp. engages in the design and development of cloud-managed wireless wide area network (WAN) and intelligent edge solutions for businesses, consumers, and governments worldwide. The company provides 5G and 4G mobile broadband solutions, such as mobile hotspots under the MiFi brand; and 4G VoLTE products and 4G USB modems.