Innoviz Technologies (INVZ) Expected to Announce Earnings on Wednesday

Innoviz Technologies (NASDAQ:INVZ) is projected to issue its Q1 2025 quarterly earnings data before the market opens on Wednesday, May 14th. Analysts expect the company to announce earnings of ($0.08) per share and revenue of $9.00 million for the quarter. Innoviz Technologies has set its FY 2025 guidance at EPS.

Innoviz Technologies (NASDAQ:INVZ) last announced its quarterly earnings data on Wednesday, February 26th. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.11). Innoviz Technologies had a negative return on equity of 87.40% and a negative net margin of 321.53%. The firm had revenue of $6.03 million for the quarter, compared to analysts’ expectations of $5.86 million. On average, analysts expect Innoviz Technologies to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Innoviz Technologies Trading Up 17.5%

NASDAQ INVZ opened at $0.92 on Tuesday. The firm has a market cap of $182.31 million, a PE ratio of -1.43 and a beta of 0.84. Innoviz Technologies has a 1-year low of $0.45 and a 1-year high of $3.14. The stock has a 50-day moving average of $0.67 and a 200-day moving average of $0.96.

Wall Street Analyst Weigh In

Several analysts have weighed in on INVZ shares. Rosenblatt Securities reiterated a “buy” rating and issued a $4.00 price objective on shares of Innoviz Technologies in a research report on Thursday, February 27th. Westpark Capital reiterated a “buy” rating and set a $2.22 price target on shares of Innoviz Technologies in a report on Tuesday, February 25th.

Innoviz Technologies Company Profile

Innoviz Technologies Ltd. manufactures and sells automotive grade LiDAR sensors and perception software to enable safe autonomous driving at a mass scale. The company offers InnovizOne, a solid-state LiDAR sensor designed for automakers and robotaxis, shuttles, trucks, and delivery companies requiring an automotive-grade and mass-producible solution to achieve autonomy.