Veritone (VERI) Set to Announce Quarterly Earnings on Thursday
Veritone (NASDAQ:VERI) is set to announce its earnings results after the market closes on Thursday, February 21st. Analysts expect the company to announce earnings of ($0.72) per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.
Veritone (NASDAQ:VERI) last released its earnings results on Monday, November 12th. The company reported ($0.86) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.78) by ($0.08). The firm had revenue of $7.55 million during the quarter, compared to the consensus estimate of $6.03 million. Veritone had a negative return on equity of 86.60% and a negative net margin of 286.28%. Veritone’s revenue was up 102.9% compared to the same quarter last year. During the same quarter last year, the business posted ($1.31) EPS. On average, analysts expect Veritone to post $-3 EPS for the current fiscal year and $-3 EPS for the next fiscal year.
Veritone stock opened at $5.36 on Thursday. The stock has a market capitalization of $105.72 million, a PE ratio of -1.17 and a beta of 2.77. Veritone has a 12-month low of $3.65 and a 12-month high of $24.76.
A number of equities research analysts recently weighed in on VERI shares. Zacks Investment Research upgraded shares of Veritone from a “hold” rating to a “buy” rating and set a $9.25 price objective for the company in a report on Wednesday, October 17th. B. Riley upgraded shares of Veritone from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $8.00 to $9.00 in a report on Tuesday, November 13th. Roth Capital decreased their price objective on shares of Veritone from $20.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, November 13th. DA Davidson decreased their price objective on shares of Veritone to $12.00 and set a “buy” rating for the company in a report on Tuesday, November 13th. Finally, Craig Hallum decreased their price objective on shares of Veritone from $22.00 to $14.00 and set a “buy” rating for the company in a report on Wednesday, November 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $14.88.
ILLEGAL ACTIVITY NOTICE: “Veritone (VERI) Set to Announce Quarterly Earnings on Thursday” was first published by Watch List News and is the sole property of of Watch List News. If you are reading this news story on another website, it was stolen and reposted in violation of US and international copyright & trademark laws. The correct version of this news story can be accessed at https://www.watchlistnews.com/veritone-veri-set-to-announce-quarterly-earnings-on-thursday/2819019.html.
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.
Recommended Story: Investing in Blue-Chip Stocks
Receive News & Ratings for Veritone Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veritone and related companies with MarketBeat.com's FREE daily email newsletter.