Bandwidth Inc expected to post earnings of 24 cents a share - Earnings Preview
30/07/2024 19:57
* Bandwidth Inc BAND.OQ BAND.O is expected to show a
rise in
quarterly revenue when it reports results on August 1 for the
period ending June 30 2024
* The Raleigh North Carolina-based company is expected to
report
a 18.8% increase in revenue to $173.325 million from $145.87
million a year ago, according to the mean estimate from 8
analysts, based on LSEG data.The company's guidance on May 7
2024, for the period ended June 30, was for revenue between
$171.00 million and $175.00 million.
* LSEG's mean analyst estimate for Bandwidth Inc is for
earnings
of 24 cents per share.
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 3
"hold" and 1 "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
$28.00, above its last closing price of $22.50.
The company's guidance on May 7 2024 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between USD171 million and USD17 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
Mar. 31 2024 0.21 0.20 0.27 Beat 33.4
Dec. 31 2024 0.22 0.23 0.38 Beat 66.8
Jan. 1 0001 0.18 0.17 0.23 Beat 36.6
Jan. 1 0001 0.03 0.04 0.16 Beat 281
Mar. 0.01 0.01 0.05 Beat 316.7
31 2023
Dec. 31 2022 0.04 0.04 0.19 Beat 355.6
Jan. 1 0001 -0.06 0.03 0.27 Beat 840.8
Jan. 1 0001 -0.06 -0.06 -0.04 Beat 38.3
This summary was machine generated July 30 at 18:57 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)