Matterport (MTTR) Set to Announce Earnings This Tuesday

Matterport (NASDAQ:MTTR) is expected to announce its earnings results prior to the market opening on Tuesday, February 18th. According to analysts, the company is projected to report earnings of ($0.01) per share alongside revenue of approximately $42.87 million for the quarter.

Recent Earnings Performance

The last earnings report from Matterport was issued on November 12th. The company reported earnings of ($0.01) per share, matching the consensus estimate. Additionally, Matterport recorded a negative return on equity of 32.19% and a negative net margin of 157.21%. Revenue for that quarter was $43.79 million, compared to the consensus estimate of $43.91 million. This was a year-over-year increase of 7.8%, as the company had lost ($0.04) earnings per share in the same quarter the prior year. For the current fiscal year, analysts on average expect a $0 EPS and the same for the next fiscal year.

Current Stock Performance

On Tuesday, MTTR shares opened at $5.30. The company has a market capitalization of $1.71 billion, a price-to-earnings (P/E) ratio of -6.39, and a beta of 1.06. The 50-day moving average for the stock is $4.98, while the 200-day moving average is $4.69. The stock has seen a 52-week trading range with a low of $1.73 and a high of $5.36.

Insider Transactions

In other news regarding company insiders, Chief Revenue Officer Jay Remley sold 82,229 shares on December 2nd at an average price of $4.73, totaling approximately $388,943. After the transaction, he holds 1,408,626 shares valued around $6.66 million, which marks a 5.52% reduction in his ownership. Similarly, CFO James Daniel Fay sold 119,312 shares on the same day at an average price of $4.73, with a total value of $564,345. Following this sale, he holds 1,690,458 shares worth about $7.99 million, representing a 6.59% decrease in his stake. Over the last quarter, insiders have sold a total of 645,163 shares amounting to $3.05 million. Currently, corporate insiders own 17.50% of the stock.

Company Overview

Matterport, Inc is a spatial data company that specializes in digitization and data services both in the United States and globally. The company provides a variety of products, including Matterport Capture Services, which is a fully managed solution for enterprise clients, and several 3D cameras like the Matterport Pro3 and Pro2, as well as the LEICA BLK360 device used for creating digital twins. They also offer smartphone capture solutions for both iOS and Android devices.

Investor Insights

For those considering their investment options, it’s worth noting that while Matterport maintains a 'Hold' rating among analysts, there are alternative stocks that some analysts believe might provide better potential returns. It is advisable for investors to research further and look into other top-rated stocks recommended by analysts.

Matterport, Earnings, Stock