Inseego (INSG) to Release Quarterly Earnings on Tuesday

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Inseego (NASDAQ:INSG) is set to announce its earnings results after the market closes on Tuesday, November 6th. Analysts expect the company to announce earnings of ($0.08) per share for the quarter.

Inseego (NASDAQ:INSG) last posted its quarterly earnings data on Tuesday, August 7th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.02). The business had revenue of $49.06 million for the quarter, compared to analyst estimates of $46.44 million. On average, analysts expect Inseego to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NASDAQ:INSG opened at $3.39 on Tuesday. Inseego has a 12 month low of $1.26 and a 12 month high of $4.49. The stock has a market capitalization of $249.10 million, a price-to-earnings ratio of -4.35 and a beta of 0.31.

A number of analysts have recently issued reports on INSG shares. ValuEngine raised Inseego from a “hold” rating to a “buy” rating in a research report on Thursday, August 9th. BidaskClub raised Inseego from a “buy” rating to a “strong-buy” rating in a report on Friday, September 14th. Roth Capital began coverage on Inseego in a report on Friday, October 12th. They set a “buy” rating and a $5.00 target price on the stock. Canaccord Genuity reissued a “buy” rating and set a $5.00 target price (up previously from $4.50) on shares of Inseego in a report on Monday, September 17th. Finally, Northland Securities boosted their target price on Inseego from $3.00 to $4.50 and gave the stock an “outperform” rating in a report on Tuesday, September 11th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $4.25.

Inseego Company Profile

Inseego Corp., together with its subsidiaries, provides software-as-a-service (SaaS), Internet of Things (IoT), and mobile solutions worldwide. The company sells SaaS, software, and service solutions across multiple IoT vertical markets, including fleet management and vehicle telematics, aviation, usage-based insurance, stolen vehicle recovery, asset tracking and monitoring, business connectivity, and subscription management.

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Earnings History for Inseego (NASDAQ:INSG)

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