Accolade Inc reports results for the quarter ended in May - Earnings Summary

Accolade

29/06/2023 22:01

* Accolade Inc  ACCD.OQ  reported a quarterly adjusted loss
of 52
cents​​ per share for the quarter ended in May. The mean
expectation of seventeen analysts for the quarter was for a loss
of 62 cents per share.
    * Revenue rose 9% to $93.23 million from a year ago;
analysts
expected $90.30 million. 
    * Accolade Inc's reported EPS for the quarter was a loss
of 52
cents​.
    * The mean earnings estimate of analysts had fallen by
about 9.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Accolade Inc shares had fallen by 12.3% this quarter and
gained 61.9% so far this year.
    * The company reported a quarterly loss of $38.41 million.
    * Wall Street's median 12-month price target for Accolade
Inc is
$15.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data June
29 at 09:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 May. 31 2023      -0.62          -0.52          Beat
 Feb. 28 2023      -0.42          -0.42          Met
 Nov. 30 2022      -0.62          -0.56          Beat
 Aug. 31 2022      -0.72          -0.66          Beat