Atlassian Corp reports results for the quarter ended in January 1 - Earnings Summary

Atlassian

01/11/2024 03:31

* Atlassian Corp  TEAM.OQ  reported quarterly adjusted
earnings of
77 cents​​ per share for the quarter ended January 1, higher
than the same quarter last year, when the company reported EPS
of 65 cents.  The mean expectation of twenty four analysts for
the quarter was for earnings of 64 cents per share. Wall Street
expected results to range from 56 cents to 78 cents per share.
    * Revenue rose 21.5% to $1.19 billion from a year ago;
analysts
expected $1.15 billion. 
    * Atlassian Corp's reported EPS for the quarter was a loss
of 48
cents​.
    * The company reported a quarterly loss of $123.77 million.
    * Atlassian Corp shares had risen by 19.9% this quarter and
lost 19.9% 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 "buy"
and
the breakdown of recommendations is 19 "strong buy" or "buy," 10
"hold" and no "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 Atlassian Corp is
240.00 
This summary was machine generated from LSEG data November 1 at
03:30 a.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
 Sep. 30 2024      0.64           0.77           Beat
 Jun. 30 2024      0.60           0.66           Beat
 Mar. 31 2024      0.62           0.89           Beat
 Dec. 31 2023      0.62           0.73           Beat