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

AvePoint (Delaware)

09/08/2024 03:06

* AvePoint Inc  AVPT.OQ  reported a quarterly adjusted loss
of 1
cent​​ per share for the quarter ended in January, higher than
the same quarter last year, when the company reported EPS of -2
cents.  The mean expectation of seven analysts for the quarter
was for earnings of 2 cents per share. Wall Street expected
results to range from 1 cents to 4 cents per share.
    * Revenue rose 20.2% to $77.96 million from a year ago;
analysts
expected $75.17 million. 
    * AvePoint Inc's reported EPS for the quarter was a loss
of 7
cents​.
    * The company reported a quarterly loss of $12.81 million.
    * AvePoint Inc shares had fallen by 6.4% this quarter and
gained 18.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.5%
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
$11.25 
This summary was machine generated from LSEG data August 9 at
02:06 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
 Jun. 30 2024      0.02           -0.01          Missed
 Mar. 31 2024      0.01           0.04           Beat
 Dec. 31 2023      0.04           0.06           Beat
 Sep. 30 2023      0.02           0.03           Beat