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

Alkami Technology

02/11/2023 24:49

* Alkami Technology Inc  ALKT.OQ  reported quarterly
breakeven
results​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of -6 cents.  The mean expectation of ten analysts for the
quarter was for a loss of 2 cents per share. Wall Street
expected results to range from -3 cents to -1 cents per share.
    * Revenue rose 26.8% to $67.70 million from a year ago;
analysts
expected $67.22 million. 
    * Alkami Technology Inc's reported EPS for the quarter was a
loss
of 16 cents​.
    * The company reported a quarterly loss of $15.48 million.
    * Alkami Technology Inc shares had fallen by 1.5% this
quarter and
gained 23.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 6.2%
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 10 "strong buy" or "buy," 1
"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 $21.00 
This summary was machine generated from LSEG data November 2 at
12:49 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -0.02          0.00           Beat
 Jun. 30 2023      -0.05          -0.03          Beat
 Mar. 31 2023      -0.06          -0.03          Beat
 Dec. 31 2022      -0.07          -0.05          Beat