Accolade Inc expected to post a loss of 48 cents a share - Earnings Preview

Accolade

25/06/2024 21:28

* Accolade Inc  ACCD.OQ   ACCD.O  is expected to show a rise
in
quarterly revenue when it reports  results on June 27 for the
period ending May 31 2024
    * The Plymouth Meeting Pennsylvania-based  company is
expected to
report a 12.8% increase in revenue to $105.19 million from
$93.23 million a year ago, according to the mean estimate from
15 analysts, based on LSEG data.The company's guidance on April
25 2024, for the period ended May 31, was for revenue between
$103.00 million and $106.00 million.
    * ​LSEG's mean analyst estimate for Accolade Inc is for a
loss
of 48 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 6
"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
$13.00​, above​ its last closing price of $6.13. ​​​

The company's guidance on April 25 2024 for the period ended May
31 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between 103 million and -9 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  
 Feb. 29 2024  -0.08       -0.07      -0.10     Missed  -41.3
 Jan. 1 2024   -0.42       -0.44      -0.28     Beat    36.7
 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.        -0.40       -0.42      -0.42     Met     0.7
 28 2023                                                
 Nov. 30 2022  -0.60       -0.62      -0.56     Beat    9.5​
 Aug. 31 2022  -0.73       -0.72      -0.66     Beat    8.9
 May. 31 2022  -0.68       -0.67      -0.62     Beat    7.6
 This summary was machine generated June 25 at 20:28 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)