Alert: New Earnings Report (11/7/23)-Identiv Inc (NASDAQ: INVE).


Identiv Inc (NASDAQ: INVE) has reported E.P.S. of $-0.01 for its third fiscal quarter (ending September 30) versus $0.01 for the same period a year ago — a decline of -200%. This result fell short of the consensus estimate of $0.09 by $-0.10. For the latest four quarters through September 30, E.P.S. were $-0.21 versus $-0.17 for the same period a year ago.


Recent Price Action

On 11/7/23, Identiv Inc (NASDAQ: INVE) stock declined by -1.1%, closing at $6.02. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -2.0% during the last week.

Current PriceTarget Research Rating

INVE’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to be a modest Value Builder.

Identiv has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Identiv has a poor Appreciation Score of 29 but a very high Power Rating of 94, and the High Neutral Value Trend Rating results.

Rating Review

In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

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