AvePoint Inc reports results for the quarter ended September 30 - Earnings Summary

AvePoint (Delaware)

09/11/2024 12:29

* AvePoint Inc  AVPT.OQ  reported quarterly adjusted
earnings of 6
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 3 cents.  The mean expectation of seven analysts for the
quarter was for earnings of 5 cents per share. Wall Street
expected results to range from 4 cents to 6 cents per share.
    * Revenue rose 22.1% to $88.80 million from a year ago;
analysts
expected $83.39 million. 
    * AvePoint Inc's reported EPS for the quarter was 1 cent​.
    * The company reported quarterly net income of $2.62
million.
    * AvePoint Inc shares had risen by 14.5% this quarter and
gained 64.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.4%
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
$16.00 
This summary was machine generated from LSEG data November 9 at
12:28 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
 Sep. 30 2024      0.05           0.06           Beat
 Jun. 30 2024      0.02           -0.01          Missed
 Mar. 31 2024      0.01           0.04           Beat
 Dec. 31 2023      0.04           0.06           Beat