Alkami Technology Inc expected to post earnings of 2 cents a share - Earnings Preview

Alkami Technology

26/02/2024 22:05

* Alkami Technology Inc  ALKT.OQ   ALKT.O  is expected
to show a
rise in quarterly revenue when it reports  results on February
28 for the period ending December 31 2023
    * The Plano Texas-based  company is expected to report a
28.1% increase in revenue to $71.136 million from $55.54 million
a year ago, according to the mean estimate from 11 analysts,
based on LSEG data.The company's guidance on November 1 2023,
for the period ended December 31, was for revenue between $70.50
million and $71.50 million.
    * ​LSEG's mean analyst estimate for Alkami Technology Inc is
for
earnings of 2 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 3
"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 Alkami
Technology
Inc is $26.50​, above​ its last closing price of $25.64. ​​​

The company's guidance on November 1 2023 for the period ended
December 31 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD70.5 million and
USD3 million.The company's guidance on August 2 2023 for the
period ended December 31 was for gross profit margin of USD60%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  -0.02       -0.02      0.00      Beat    119.7
 Jun. 30 2023  -0.05       -0.05      -0.03     Beat    44.8
 Mar. 31 2023  -0.06       -0.06      -0.03     Beat    50.7​
 Dec. 31 2022  -0.07       -0.07      -0.05     Beat    23.7
 ​​Sep.        -0.07       -0.07      -0.06     Beat    17.3
 30 2022                                                
 Jun. 30 2022  -0.08       -0.08      -0.07     Beat    16.3​
 Mar. 31 2022  -0.06       -0.06      -0.05     Beat    19.1
 Dec. 31 2021  -0.07       -0.07      -0.06     Beat    17.6
 This summary was machine generated February 26 at 22:05 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)