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Stock impact report

Matterport Earnings: What To Look For From MTTR [Yahoo! Finance]

Matterport, Inc. - Class A (MTTR) 
Company Research Source: Yahoo! Finance
Matterport missed analysts' revenue expectations by 1.1% last quarter, reporting revenues of $39.55 million, down 3.9% year on year. It was a weak quarter for the company, with management forecasting growth to slow. It added 51,000 customers to reach a total of 938,000. Is Matterport a buy or sell going into earnings? Read our full analysis here, it's free This quarter, analysts are expecting Matterport's revenue to grow 5.4% year on year to $40.03 million, slowing from the 33.3% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.03 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Matterport has missed Wall Street's revenue estimates twice over the last two years. Looking at Matterport's peers in the design software segment, some have already reported their Q1 results, giving us a hint as Show less Read more
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