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

Bandwidth

01/08/2024 14:52

* Bandwidth Inc  BAND.OQ  reported quarterly adjusted
earnings of
29 cents​​ per share for the quarter ended in June, higher than
the same quarter last year, when the company reported EPS of 16
cents.  The mean expectation of nine analysts for the quarter
was for earnings of 24 cents per share. Wall Street expected
results to range from 7 cents to 33 cents per share.
    * Revenue rose 19% to $173.60 million from a year ago;
analysts
expected $173.32 million. 
    * Bandwidth Inc's reported EPS for the quarter was a loss
of 17
cents​.
    * The company reported a quarterly loss of $5.04 million.
    * Bandwidth Inc shares had risen by 35.2% this quarter and
gained 57.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.7%
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," 3
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Bandwidth Inc is
$28.00 
This summary was machine generated from LSEG data August 1 at
01:52 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
 Jun. 30 2024      0.24           0.29           Beat
 Mar. 31 2024      0.20           0.27           Beat
 Dec. 31 2023      0.23           0.38           Beat
 Sep. 30 2023      0.17           0.23           Beat