Alkami Technology Inc reports results for the quarter ended in December - Earnings Summary

Alkami Technology

29/02/2024 24:55

* Alkami Technology Inc  ALKT.OQ  reported quarterly
adjusted
earnings of 2 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of -5 cents.  The mean expectation of
ten analysts for the quarter was for earnings of 2 cents per
share. Wall Street expected results to range from 1 cents to 3
cents per share.
    * Revenue rose 28.5% to $71.37 million from a year ago;
analysts
expected $71.14 million. 
    * Alkami Technology Inc's reported EPS for the quarter was a
loss
of 13 cents​.
    * The company reported a quarterly loss of $12.71 million.
    * Alkami Technology Inc shares had risen by 6.0% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the it services &
consulting peer group is also "buy"

Wall Street's median 12-month price target for Alkami Technology
Inc is $26.50 
This summary was machine generated from LSEG data February 29 at
12:55 a.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
 Dec. 31 2023      0.02           0.02           Met
 Sep. 30 2023      -0.02          0.00           Beat
 Jun. 30 2023      -0.05          -0.03          Beat
 Mar. 31 2023      -0.06          -0.03          Beat