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

Alkami Technology

29/04/2024 21:57

* Alkami Technology Inc  ALKT.OQ   ALKT.O  is expected
to show a
rise in quarterly revenue when it reports  results on May 1 for
the period ending March 31 2024
    * The Plano Texas-based  company is expected to report a
25.9% increase in revenue to $75.543 million from $60 million a
year ago, according to the mean estimate from 11 analysts, based
on LSEG data.The company's guidance on February 28 2024, for the
period ended March 31, was for revenue between $74.50 million
and $76.00 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 $29.00​, above​ its last closing price of $24.52. ​​​

The company's guidance on February 28 2024 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD74.5 million and USD3.5 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.02        0.02       0.02      Met     -11.5
 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.        -0.07       -0.07      -0.05     Beat    23.7
 31 2022                                                
 Sep. 30 2022  -0.07       -0.07      -0.06     Beat    17.3​
 Jun. 30 2022  -0.08       -0.08      -0.07     Beat    16.3
 Mar. 31 2022  -0.06       -0.06      -0.05     Beat    19.1
 This summary was machine generated April 29 at 20:57 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)