Accolade Inc expected to post a loss of 62 cents a share - Earnings Preview

Accolade

27/06/2023 21:05

* Accolade Inc  ACCD.OQ   ACCD.O  is expected to show a rise
in
quarterly revenue when it reports  results on June 29. 
    * The Plymouth Meeting Pennsylvania-based  company is
expected to
report  a 5.6% increase in revenue to $90.298 million from
$85.53 million a year ago, according to the mean estimate from
16 analysts, based on Refinitiv data. The company's guidance on
April 27 2023, for the period ended May 31, was for revenue
between $89.00 million and $91.00 million.
    * ​Refinitiv's mean analyst estimate for Accolade Inc is for
a
loss of 62 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 had risen by
about 0.7%
in the last three months. ​
    * Wall Street's median 12-month price target for Accolade
Inc is
$15​, above​ its last closing price of $12.23. ​​​

The company's guidance on April 27 2023 for the period ended May
31 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between 89 million and -15 million (USD).
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Feb. 28 2023  -0.40       -0.42      -0.42     Met     0.7
 Nov. 30 2023  -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
 ​​Feb.        -0.45       -0.36      -0.51     Missed  -43
 28 2022                                                
 Nov. 30 2021  -0.78       -0.65      0.31      Beat    147.7​
 Aug. 31 2021  -0.58       -0.56      -0.97     Missed  -72.5
 May. 31 2021  -0.37       -0.37      -0.66     Missed  -79.8
 This summary was machine generated June 27 at 20:05 GMT.  All
figures in US dollars  unless otherwise stated