Wall Street analysts expect Veritone Inc (NASDAQ:VERI) to announce earnings per share of ($0.81) for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Veritone’s earnings. The highest EPS estimate is ($0.70) and the lowest is ($0.91). Veritone posted earnings per share of ($3.09) during the same quarter last year, which would indicate a positive year-over-year growth rate of 73.8%. The business is scheduled to report its next quarterly earnings report on Tuesday, June 19th.
On average, analysts expect that Veritone will report full-year earnings of ($2.92) per share for the current year, with EPS estimates ranging from ($3.40) to ($2.64). For the next financial year, analysts anticipate that the company will report earnings of ($2.51) per share, with EPS estimates ranging from ($2.84) to ($2.20). Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Veritone.
Veritone (NASDAQ:VERI) last released its quarterly earnings results on Monday, February 26th. The company reported ($0.83) EPS for the quarter, missing the consensus estimate of ($0.59) by ($0.24). Veritone had a negative return on equity of 252.85% and a negative net margin of 413.52%. The firm had revenue of $3.49 million for the quarter, compared to analysts’ expectations of $4.41 million. During the same quarter in the prior year, the business earned ($4.12) earnings per share. The company’s quarterly revenue was up 75.4% on a year-over-year basis.
Veritone (NASDAQ VERI) traded down $0.28 on Friday, hitting $14.82. The stock had a trading volume of 170,436 shares, compared to its average volume of 319,687. Veritone has a 1-year low of $7.76 and a 1-year high of $74.92.
In related news, CFO Peter F. Collins bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 8th. The stock was purchased at an average cost of $14.16 per share, for a total transaction of $141,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
A number of large investors have recently added to or reduced their stakes in VERI. SG Americas Securities LLC purchased a new stake in Veritone during the 3rd quarter worth about $132,000. Vanguard Group Inc. purchased a new stake in Veritone during the 2nd quarter worth about $132,000. Schwab Charles Investment Management Inc. purchased a new stake in Veritone during the 3rd quarter worth about $205,000. Mycio Wealth Partners LLC purchased a new stake in Veritone during the 4th quarter worth about $255,000. Finally, Quantbot Technologies LP purchased a new stake in Veritone during the 3rd quarter worth about $263,000. Hedge funds and other institutional investors own 9.94% of the company’s stock.
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Veritone, Inc is a developer of artificial intelligence (AI) platform. The Company’s platform unlocks the power of cognitive computing to transform unstructured audio and video data and analyze it in conjunction with structured data in a seamless, automated manner to generate actionable intelligence.
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