Bandwidth Inc reports results for the quarter ended in June - Earnings Summary

Bandwidth

02/08/2023 22:02

* Bandwidth Inc  BAND.OQ  reported quarterly adjusted
earnings of
16 cents​​ per share for the quarter ended in June. The mean
expectation of ten analysts for the quarter was for earnings of
4 cents per share.
    * Revenue rose 6.9% to $145.87 million from a year ago;
analysts
expected $140.91 million. 
    * Bandwidth Inc's reported EPS for the quarter was a loss
of 15
cents​.
    * 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. 
    * Bandwidth Inc shares had risen by 9.6% this quarter and
lost 34.7% so far this year.
    * The company reported a quarterly loss of $3.87 million.
    * Wall Street's median 12-month price target for Bandwidth
Inc is
$17.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 2 at 09:02 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.04           0.16           Beat
 Mar. 31 2023      0.01           0.05           Beat
 Dec. 31 2022      0.04           0.19           Beat
 Sep. 30 2022      0.03           0.27           Beat