Appian Corp reports results for the quarter ended in June - Earnings Summary

Appian

01/08/2024 15:24

* Appian Corp  APPN.OQ  reported a quarterly adjusted loss
of 26
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of -39
cents.  The mean expectation of eight analysts for the quarter
was for a loss of 31 cents per share. Wall Street expected
results to range from -33 cents to -29 cents per share.
    * Revenue rose 14.7% to $146.45 million from a year ago;
analysts
expected $142.95 million. 
    * Appian Corp's reported EPS for the quarter was a loss
of 60
cents​.
    * The company reported a quarterly loss of $43.59 million.
    * Appian Corp shares had risen by 19.7% this quarter and
lost 1.9%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.4%
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 4 "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Appian Corp is
$36.00 
This summary was machine generated from LSEG data August 1 at
02:24 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      -0.31          -0.26          Beat
 Mar. 31 2024      -0.16          -0.24          Missed
 Dec. 31 2023      -0.24          0.06           Beat
 Sep. 30 2023      -0.25          -0.20          Beat