Bandwidth Inc expected to post earnings of 20 cents a share - Earnings Preview
03/05/2024 16:50
* Bandwidth Inc BAND.OQ BAND.O is expected to show a
rise in
quarterly revenue when it reports results on May 7 for the
period ending March 31 2024
* The Raleigh North Carolina-based company is expected to
report
a 19.7% increase in revenue to $165.066 million from $137.84
million a year ago, according to the mean estimate from 8
analysts, based on LSEG data.The company's guidance on February
28 2024, for the period ended March 31, was for revenue between
$164.00 million and $166.00 million.
* LSEG's mean analyst estimate for Bandwidth Inc is for
earnings
of 20 cents per share.
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."
* The mean earnings estimate of analysts was unchanged in
the last
three months.
* Wall Street's median 12-month price target for Bandwidth
Inc is
$21.00, above its last closing price of $19.68.
The company's guidance on February 28 2024 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD164 million and USD13 million.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Dec. 31 2023 0.22 0.23 0.38 Beat 66.8
Sep. 30 2023 0.18 0.17 0.23 Beat 36.6
Jun. 30 2023 0.03 0.04 0.16 Beat 281
Mar. 31 2023 0.01 0.01 0.05 Beat 316.7
Dec. 0.04 0.04 0.19 Beat 355.6
31 2022
Sep. 30 2022 0.03 0.03 0.27 Beat 840.8
Jun. 30 2022 -0.06 -0.06 -0.04 Beat 38.3
Mar. 31 2022 -0.08 -0.08 0.09 Beat 207.6
This summary was machine generated May 3 at 15:50 GMT. 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)