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

Appian

03/05/2024 21:38

* Appian Corp  APPN.OQ  reported a quarterly adjusted loss
of 24
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of -27
cents.  The mean expectation of nine analysts for the quarter
was for a loss of 16 cents per share. Wall Street expected
results to range from -19 cents to -12 cents per share.
    * Revenue rose 10.8% to $149.84 million from a year ago;
analysts
expected $149.76 million. 
    * Appian Corp's reported EPS for the quarter was a loss
of 45
cents​.
    * The company reported a quarterly loss of $32.92 million.
    * Appian Corp shares had fallen by 22.3% this quarter and
lost 17.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 4.7%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "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
$38.50 
This summary was machine generated from LSEG data May 3 at 08:38
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
 Mar. 31 2024      -0.16          -0.24          Missed
 Dec. 31 2023      -0.24          0.06           Beat
 Sep. 30 2023      -0.25          -0.20          Beat
 Jun. 30 2023      -0.43          -0.39          Beat