Veritone Inc (VERI) Expected to Announce Earnings of -$0.85 Per Share
Wall Street brokerages expect Veritone Inc (NASDAQ:VERI) to report earnings per share of ($0.85) for the current quarter, according to Zacks. Four analysts have issued estimates for Veritone’s earnings, with the highest EPS estimate coming in at ($0.79) and the lowest estimate coming in at ($0.96). Veritone reported earnings per share of ($1.33) in the same quarter last year, which would suggest a positive year over year growth rate of 36.1%. The company is scheduled to issue its next earnings report after the market closes on Monday, August 13th.
On average, analysts expect that Veritone will report full year earnings of ($3.28) per share for the current financial year, with EPS estimates ranging from ($3.54) to ($3.13). For the next financial year, analysts expect that the firm will report earnings of ($2.99) per share, with EPS estimates ranging from ($3.66) to ($2.46). Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Veritone.
Several research analysts have recently weighed in on the stock. BidaskClub upgraded shares of Veritone from a “sell” rating to a “hold” rating in a research note on Tuesday, May 1st. Cowen assumed coverage on shares of Veritone in a research note on Monday, April 23rd. They set an “outperform” rating and a $30.00 price target on the stock. DA Davidson assumed coverage on shares of Veritone in a research note on Thursday, April 26th. They set a “buy” rating and a $25.00 price target on the stock. Finally, Zacks Investment Research upgraded shares of Veritone from a “sell” rating to a “hold” rating in a research note on Friday, April 27th. Three investment analysts have rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $23.83.
Shares of Veritone stock traded down $0.07 on Friday, hitting $14.68. 94,752 shares of the company’s stock were exchanged, compared to its average volume of 99,744. The stock has a market capitalization of $240.21 million, a PE ratio of -3.20 and a beta of -0.94. Veritone has a 1 year low of $7.76 and a 1 year high of $74.92.
Veritone Company Profile
Veritone, Inc provides artificial intelligence (AI) and computing solutions in the United States and the United Kingdom. It develops and operates aiWARE platform, an AI operating system that unlocks the power of cognitive computing to transform audio, video, and other unstructured data, as well as analyzes it in conjunction with structured data in an orchestrated and automated manner to generate actionable intelligence.
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