Matterport, Inc. (MTTR) reported an earnings beat for its 3rd quarter, ending 9/30/2022. Earnings per share came in at -$0.09, versus the expected -$0.13.
The reported revenue of $37.99 million represents growth of 33.40% compared to the previous quarter, and growth of 37.38% compared to the same period last year.
For the 4th quarter, analysts project earnings of -$0.12 per share.
Often, earnings announcements affect a stock’s price. See a history of earnings-related price changes for MTTR stock.
What’s next for Matterport, Inc. post earnings
According to TipRanks, the average analyst consensus on MTTR stock is a Moderate Buy. This consensus is based on 4 analyst ratings made in the past 3 months. Matterport, Inc.’s average price target of $6.50 implies upside potential of 114.52% from current levels.
See our Earnings Calendar for a full list of this week’s earnings releases.
Bottom Line
An earnings beat can signify positive movement ahead for a stock’s price. Currently, MTTR price is $3.03, indicating a 5-day rise of 3.06%.
About Matterport, Inc.
Matterport, Inc. is a spatial data company. Its AI-based platform allows users to create a 3D digital representation of any built space. The “digital twin” images it produces are useful for a wide range of industries, including real estate, hospitality, insurance, facilities management, construction, engineering and architecture. The company is headquartered in Sunnyvale, California..
Learn more about MTTR financials here
