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

Appian

02/11/2023 22:16

* Appian Corp  APPN.OQ  reported a quarterly adjusted loss
of 20
cents​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of -43 cents.  The mean expectation of ten analysts for the
quarter was for a loss of 25 cents per share. Wall Street
expected results to range from -27 cents to -17 cents per share.
    * Revenue rose 16.3% to $137.09 million from a year ago;
analysts
expected $135.27 million. 
    * Appian Corp's reported EPS for the quarter was a loss
of 30
cents​.
    * The company reported a quarterly loss of $22.25 million.
    * Appian Corp shares had fallen by 14.2% this quarter and
gained 20.2% so far this year.

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 "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 6
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "hold"

Wall Street's median 12-month price target for Appian Corp is
$49.00 
This summary was machine generated from LSEG data November 2 at
10:15 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -0.25          -0.20          Beat
 Jun. 30 2023      -0.43          -0.39          Beat
 Mar. 31 2023      -0.29          -0.27          Beat
 Dec. 31 2022      -0.40          -0.28          Beat