Iteris Q4 2024 GAAP EPS $0.00 Misses $0.03 Estimate, Sales $42.750M Beat $42.535M Estimate
Portfolio Pulse from Benzinga Newsdesk
Iteris (NASDAQ:ITI) reported Q4 2024 earnings per share (EPS) of $0.00, missing the analyst consensus estimate of $0.03. However, the company reported sales of $42.750 million, slightly beating the estimate of $42.535 million.
June 13, 2024 | 8:07 pm
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Iteris reported Q4 2024 EPS of $0.00, missing the $0.03 estimate, but sales of $42.750M beat the $42.535M estimate. This mixed result may lead to short-term volatility in the stock price.
The mixed earnings report, with EPS missing estimates but sales slightly beating expectations, is likely to cause short-term volatility in Iteris' stock price. Investors may react negatively to the EPS miss but could find some solace in the sales beat.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100