Earnings results for Adesto Technologies Corp (NASDAQ:IOTS)
Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingMar 2020 , the consensus EPS* forecast has increased over the past week from -0.06 to 999(1665100.00%) and increased over the past month from -0.06 to 999(1665100.00%). none raised and none lowered their forecast. For the fiscal year ending Dec 2020 , the consensus EPS* forecast has increased over the past week from 0.03 to 0.14(366.67%) and remained the same over the past month at 0.03 . none raised and none lowered their forecast.
Adesto Technologies last announced its quarterly earnings results on June 22nd, 2020. The technology company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.17. Adesto Technologies has generated $0.00 earnings per share over the last year. Adesto Technologies has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, June 30th, 2020 based off prior year’s report dates.
Analyst Opinion on Adesto Technologies Corp (NASDAQ:IOTS)
8 Wall Street analysts have issued ratings and price targets for Adesto Technologies in the last 12 months. Their average twelve-month price target is $11.96, suggesting that the stock has a possible downside of 4.61%. The high price target for IOTS is $12.55 and the low price target for IOTS is $10.00. There are currently 7 hold ratings and 1 buy rating for the stock, resulting in a consensus rating of “Hold.”
Adesto Technologies has received a consensus rating of Hold. The company’s average rating score is 2.13, and is based on 1 buy rating, 7 hold ratings, and no sell ratings. According to analysts’ consensus price target of $11.96, Adesto Technologies has a potential downside of 4.6% from its current price of $12.54. Adesto Technologies has received no research coverage in the past 90 days.
Dividend Strength: Adesto Technologies Corp (NASDAQ:IOTS)
Adesto Technologies does not currently pay a dividend. Adesto Technologies does not have a long track record of dividend growth.
Insiders buying/selling: Adesto Technologies Corp (NASDAQ:IOTS)
In the past three months, Adesto Technologies insiders have not sold or bought any company stock. Only 12.36% of the stock of Adesto Technologies is held by insiders. 85.11% of the stock of Adesto Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of Adesto Technologies Corp (NASDAQ:IOTS
Earnings for Adesto Technologies are expected to decrease by -100.00% in the coming year, from $0.14 to $0.00 per share. The P/E ratio of Adesto Technologies is -14.58, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Adesto Technologies is -14.58, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Adesto Technologies has a PEG Ratio of 5.97. PEG Ratios above 1 indicate that a company could be overvalued. Adesto Technologies has a P/B Ratio of 6.46. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
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