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

Accolade

08/01/2024 22:02

* Accolade Inc  ACCD.OQ  reported a quarterly adjusted loss
of 28
cents​​ per share for the quarter ended in November, higher than
the same quarter last year, when the company reported EPS of -56
cents.  The mean expectation of sixteen analysts for the quarter
was for a loss of 44 cents per share. Wall Street expected
results to range from -52 cents to -36 cents per share.
    * Revenue rose 9.3% to $99.37 million from a year ago;
analysts
expected $96.24 million. 
    * Accolade Inc's reported EPS for the quarter was a loss
of 28
cents​.
    * The company reported a quarterly loss of $21.06 million.
    * Accolade Inc shares had fallen by 7.2% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.9%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * 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." 
    * Wall Street's median 12-month price target for Accolade
Inc is
$15.00 

This summary was machine generated from LSEG data January 8 at
10:01 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Nov. 30 2023      -0.44          -0.28          Beat
 Aug. 31 2023      -0.54          -0.43          Beat
 May. 31 2023      -0.62          -0.52          Beat
 Feb. 28 2023      -0.42          -0.42          Met