Inseego (INSG) to Release Earnings on Wednesday

Inseego (NASDAQ:INSG) will post its quarterly earnings results after the market closes on Wednesday, August 7th. Analysts expect Inseego to post earnings of $0.03 per share for the quarter. Inseego has set its Q2 2024 guidance at EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Inseego (NASDAQ:INSG) last issued its quarterly earnings data on Thursday, May 9th. The technology company reported ($0.44) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.49) by $0.05. The business had revenue of $45.01 million during the quarter, compared to analyst estimates of $41.40 million. During the same quarter in the prior year, the firm posted ($0.50) earnings per share. On average, analysts expect Inseego to post $0 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Inseego Stock Performance

Shares of INSG opened at $8.53 on Tuesday. The stock has a 50 day simple moving average of $9.82 and a 200 day simple moving average of $5.57. Inseego has a 52-week low of $1.62 and a 52-week high of $13.42. The firm has a market capitalization of $101.36 million, a PE ratio of -2.07 and a beta of 1.60.

Analysts Set New Price Targets

Separately, TD Cowen upped their price target on Inseego from $12.00 to $13.50 and gave the stock a “hold” rating in a research report on Tuesday, July 2nd.

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.