AvePoint Inc reports results for the quarter ended in December - Earnings Summary

AvePoint (Delaware)

29/02/2024 22:41

* AvePoint Inc  AVPT.OQ  reported quarterly adjusted
earnings of 6
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of -6
cents.  The mean expectation of seven analysts for the quarter
was for earnings of 4 cents per share. Wall Street expected
results to range from 2 cents to 4 cents per share.
    * Revenue rose 17.3% to $74.62 million from a year ago;
analysts
expected $71.65 million. 
    * AvePoint Inc's reported EPS for the quarter was 2 cents​.
    * The company reported quarterly net income of $4.27
million.
    * AvePoint Inc shares had fallen by 3.7% this quarter.

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 5 "strong buy" or "buy," 2
"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 AvePoint Inc is
$9.00 
This summary was machine generated from LSEG data February 29 at
10:40 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
 Dec. 31 2023      0.04           0.06           Beat
 Sep. 30 2023      0.02           0.03           Beat
 Jun. 30 2023      0.01           -0.02          Missed
 Mar. 31 2023      -0.01          0.00           Beat