Accolade Inc expected to post a loss of 44 cents a share - Earnings Preview

Accolade

05/01/2024 21:10

* Accolade Inc  ACCD.OQ   ACCD.O  is expected to show a rise
in
quarterly revenue when it reports  results on January 8 for the
period ending August 31 2023
    * The Plymouth Meeting Pennsylvania-based  company is
expected to
report a 5.8% increase in revenue to $96.238 million from $90.95
million a year ago, according to the mean estimate from 14
analysts, based on LSEG data.The company's guidance on October 4
2023, for the period ended November 30, was for revenue between
$95.00 million and $97.00 million. (Majority is on Total Revenue
basis)
    * ​LSEG's mean analyst estimate for Accolade Inc is for a
loss
of 44 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Accolade
Inc is
$15.00​, above​ its last closing price of $11.18. ​​​

The company's guidance on October 4 2023 for the period ended
November 30 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between 95 million and -5
million (USD).
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Aug. 31 2023  -0.52       -0.54      -0.43     Beat    19.8
 May. 31 2023  -0.61       -0.62      -0.52     Beat    16.1
 Feb. 28 2023  -0.40       -0.42      -0.42     Met     0.7​
 Nov. 30 2022  -0.60       -0.62      -0.56     Beat    9.5
 ​​Aug.        -0.73       -0.72      -0.66     Beat    8.9
 31 2022                                                
 May. 31 2022  -0.68       -0.67      -0.62     Beat    7.6​
 Feb. 28 2022  -0.45       -0.36      -0.51     Missed  -43
 Nov. 30 2021  -0.78       -0.65      0.31      Beat    147.7
 This summary was machine generated January 5 at 21:10 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)