From Nasdaq: 2024-11-11 12:10:00

Inseego (INSG) is set to report third-quarter 2024 results on Nov. 12, with expected revenues of $54-$58 million. The Zacks Consensus Estimate stands at $56.30 million, a 15.89% increase from the year-ago quarter. Earnings are expected at 9 cents per share, unchanged from last month but a significant improvement from the $1.60 loss in the year-ago quarter.

Inseego has a mixed earnings surprise history, beating estimates twice and missing twice in the last four quarters, with an average negative surprise of 181.39%. The company’s performance in Q3 2024 is expected to be driven by strong carrier mobile hotspot business, robust growth in mobile broadband, and SaaS solutions in telematics and subscriber management.

Although Inseego’s Earnings ESP is currently at 0.00% with a Zacks Rank #3, the company has seen positive growth in its mobile broadband segment and SaaS offerings. Investors should keep an eye on how these factors play out in the upcoming earnings report on Nov. 12. Additionally, consider other stocks like Shopify (SHOP), NVIDIA (NVDA), and Bilibili (BILI) with potential for earnings beats.

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Read more at Nasdaq: Inseego to Report Q3 Earnings: What’s in the Cards for the Stock?