Iteris, Inc. (NASDAQ:ITI) is set to announce second quarter earning results on Wednesday 4th November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, ITI to report 2Q21 income of $ 0.02 per share.
For the full year, analysts anticipate top line of $ 115.98 million, while looking forward to income of $ 0.30 per share bottom line.
Previous Quarter Performance
Iteris, Inc. unfold income for the first quarter of $ 0.01 per share, from the revenue of $ 28.00 million. The quarterly revenues escalated 5.42 percent compared with the same quarter last year. According to street consensus, ITI was expected to report 1Q21 loss of $ 0.03 per share from revenue of $ 28.28 million. The bottom line results beat street analysts by $ 0.04 or 133.33 percent, at the same time, top line results fell short of analysts by $ 0.28 million or 0.99 percent.
Stock Performance
Shares of Iteris, Inc. traded up $ 0.20 or 5.05 percent on Tuesday, reaching $ 4.16 with volume of 137.90 thousand shares. Iteris, Inc. has traded high as $ 4.16 and has cracked $ 4.00 on the downward trend
According to the previous trading day, closing price of $ 4.16, representing a 90.38 % increase from the 52 week low of $ 2.08 and a 33.45 % decrease over the 52 week high of $ 5.95.
The company has a market capital of $ 170.25 million and is part of the Technology sector and Communication Equipment industry.
Conference Call
Iteris, Inc. will be hosting a conference call at 4:30 PM eastern time on 4th November 2020, to discuss its 2Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.iteris.com
Iteris, Inc. provides intelligent transportation systems technology solutions worldwide. The companys Roadway Sensors segment offers sensors and systems for traffic intersection management, communication systems, and roadway traffic data collection applications.
