Matterport, Inc. (MTTR) reported an earnings beat for its 3rd quarter, ending 9/30/2022. Earnings per share got here in at -$0.09, versus the anticipated -$0.13.
The reported income of $37.99 million represents development of 33.40% in comparison with the earlier quarter, and development of 37.38% in comparison with the identical interval final yr.
For the 4th quarter, analysts venture earnings of -$0.12 per share.
Typically, earnings bulletins have an effect on a inventory’s value. See a historical past of earnings-related value modifications for MTTR inventory.
What’s subsequent for Matterport, Inc. submit earnings
In line with TipRanks, the common analyst consensus on MTTR inventory is a Reasonable Purchase. This consensus relies on 4 analyst scores made up to now 3 months. Matterport, Inc.’s common value goal of $6.50 implies upside potential of 114.52% from present ranges.
See our Earnings Calendar for a full record of this week’s earnings releases.
Backside Line
An earnings beat can signify optimistic motion forward for a inventory’s value. At the moment, MTTR value is $3.03, indicating a 5-day rise of three.06%.
About Matterport, Inc.
Matterport, Inc. is a spatial knowledge firm. Its AI-based platform permits customers to create a 3D digital illustration of any constructed area. The “digital twin” photographs it produces are helpful for a variety of industries, together with actual property, hospitality, insurance coverage, amenities administration, development, engineering and structure. The corporate is headquartered in Sunnyvale, California..
Be taught extra about MTTR financials right here
