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

Alkami Technology

31/07/2024 23:00

* Alkami Technology Inc  ALKT.OQ  reported quarterly
adjusted
earnings of 5 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of -3 cents.  The mean expectation of ten analysts
for the quarter was for earnings of 3 cents per share. Wall
Street expected results to range from 2 cents to 4 cents per
share.
    * Revenue rose 24.9% to $82.16 million from a year ago;
analysts
expected $81.41 million. 
    * Alkami Technology Inc's reported EPS for the quarter was a
loss
of 13 cents​.
    * The company reported a quarterly loss of $12.32 million.
    * Alkami Technology Inc shares had risen by 14.8% this
quarter and
gained 34.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 53.8%
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 $31.00 
This summary was machine generated from LSEG data July 31 at
10:00 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
 Jun. 30 2024      0.03           0.05           Beat
 Mar. 31 2024      0.02           0.05           Beat
 Dec. 31 2023      0.02           0.02           Met
 Sep. 30 2023      -0.02          0.00           Beat