Iveda Solutions Inc IVDA.OQ reported a quarterly adjusted loss of 3 cents per share for the quarter ended in June, higher than the same quarter last year, when the company reported EPS of -5 cents. The lone analyst forecast for the quarter was for a loss of 5 cents per share.
Revenue fell 35.9% to $1.53 million from a year ago; analysts expected $2.50 million.
Iveda Solutions Inc's reported EPS for the quarter was a loss of 3 cents.
The company reported a quarterly loss of $494.28 thousand.
Iveda Solutions Inc shares had fallen by 36.9% this quarter and lost 49.4% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 25% in the last three months.
In the last 30 days, there have been earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," "hold" and "sell" or "strong sell."
The average consensus recommendation for the communications & peer group is also "buy"
Wall Street's median 12-month price target for Iveda Solutions Inc is $1.50
This summary was machine generated from LSEG data August 15 at 06:20 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING |
ESTIMATE |
ACTUAL |
BEAT, MET, MISSED |
Jun. 30 2024 |
-0.05 |
-0.03 |
Beat |
Mar. 31 2024 |
-0.05 |
-0.07 |
Missed |
Dec. 31 2023 |
-0.05 |
-0.07 |
Missed |
-0.05 |