How did INVX's Q4 2024 earnings surprise analysts?

Innoviz Technologies Ltd. (INVX) experienced a significant quarterly loss of $0.15 per share for Q4 2024, which fell short of the Zacks Consensus Estimate of a loss of $0.14. This compares to a loss of $0.18 per share in the same period a year ago. The company's earnings report represents an earnings surprise of -7.14%.

1. **Revenue Miss**: The company's revenues for the quarter were reported at $4.52 million, which was a 30.16% increase from the previous year's $3.48 million. However, this fell below the Zacks Consensus Estimate of $4.77 million, indicating a miss of approximately 10.16%.
2. **Consensus Estimate Miss**: The quarterly report represents an earnings surprise of -7.14%, with a series of missed estimates dating back to Q3 2024, where the company reported a loss of $0.13 per share, missing the consensus by $0.01. For Q4, analysts had anticipated a loss of $0.16 per share, which was also not met.
3. **Historical Performance**: Innoviz Technologies has struggled with meeting consensus EPS estimates, failing to surpass expectations in four consecutive quarters. While revenue guidance for Q4 was set at $8.0 million to $10.0 million, the consensus revenue estimate was $7.4 million.

In conclusion, Innoviz Technologies's Q4 2024 earnings fell below analyst expectations, marking another quarter of earnings misses for the company.