Q1 Earnings Outlook For Veritone
Veritone (NASDAQ: VERI) announces its next round of earnings this Wednesday, May. 8. Here's Benzinga's look at Veritone's first-quarter earnings report.
Earnings and Revenue
Veritone EPS loss will likely be near 85 cents while revenue will be around $11.58 million, according to analysts.
In the same quarter last year, Veritone reported an EPS loss of 81 cents on revenue of $4.38 million. Sales would be up 163.90 percent from the same quarter last year. In comparison to analyst estimates in the past, here's how the company's reported EPS stacks up:
Quarter | Q4 2018 | Q3 2018 | Q2 2018 | Q1 2018 | Q4 2017 |
EPS Estimate | -0.72 | -0.78 | -0.85 | -0.79 | -0.6 |
EPS Actual | -0.92 | -0.86 | -0.88 | -0.81 | -0.83 |
Stock Performance
Over the past 52-week period, shares of Veritone have declined 71.25 percent. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.
Analysts have adjusted their estimates lower for EPS and revenues over the past 90 days. The popular rating by analysts on Veritone stock is a Sell. The strength of this rating has dwindled over the past 90 days.
Conference Call
Veritone is scheduled to hold a conference call at 4:30 p.m. ET and it can be accessed here.
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