Iteris (ITI) Scheduled to Post Quarterly Earnings on Wednesday

Iteris (NASDAQ:ITI) is set to announce its earnings results after the market closes on Wednesday, February 6th. Analysts expect the company to announce earnings of ($0.02) per share for the quarter.

Iteris (NASDAQ:ITI) last posted its quarterly earnings data on Tuesday, November 6th. The technology company reported ($0.01) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.02. The company had revenue of $24.42 million for the quarter, compared to analyst estimates of $25.29 million. Iteris had a negative return on equity of 8.76% and a negative net margin of 4.93%. On average, analysts expect Iteris to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Iteris stock opened at $4.06 on Tuesday. The company has a market capitalization of $131.32 million, a P/E ratio of -101.50 and a beta of 0.55. Iteris has a one year low of $3.24 and a one year high of $6.48.

A number of equities analysts recently commented on ITI shares. Zacks Investment Research raised Iteris from a “hold” rating to a “buy” rating and set a $4.75 price objective on the stock in a research note on Wednesday, October 24th. B. Riley cut their price objective on Iteris from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Monday, November 5th. TheStreet lowered Iteris from a “c-” rating to a “d+” rating in a research note on Tuesday, December 4th. Finally, Northland Securities set a $8.00 price objective on Iteris and gave the stock a “buy” rating in a research note on Thursday, December 20th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $6.75.

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About Iteris

Iteris, Inc provides intelligent transportation systems technology solutions worldwide. The company's Roadway Sensors segment provides vehicle detection sensors and systems for traffic intersection management, communication systems, and roadway traffic data collection applications. Its products include Vantage detection system to detect vehicle presence at intersections, as well as vehicle count, speed, and other traffic data; Vantage Vector video/radar hybrid product, an vehicle detection sensor; and VantageLive!, a cloud-based platform; and Vantage systems equipped with smartcycle capability to differentiate between bicycles and other vehicles with a single video detection camera.

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Earnings History for Iteris (NASDAQ:ITI)

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