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

Bandwidth

01/11/2024 03:49

* Bandwidth Inc  BAND.OQ  reported quarterly adjusted
earnings of
43 cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 23 cents.  The mean expectation of eight analysts for the
quarter was for earnings of 32 cents per share. Wall Street
expected results to range from 23 cents to 39 cents per share.
    * Revenue rose 27.5% to $193.88 million from a year ago;
analysts
expected $181.99 million. 
    * Bandwidth Inc's reported EPS for the quarter was 1 cent​.
    * The company reported quarterly net income of $413
thousand.
    * Bandwidth Inc shares had risen by 7.6% this quarter and
gained 30.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.2%
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 4 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is  "hold."

Wall Street's median 12-month price target for Bandwidth Inc is
23.50 
This summary was machine generated from LSEG data November 1 at
03:49 a.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      0.32           0.43           Beat
 Jun. 30 2024      0.24                          
 Mar. 31 2024      0.20                          
 Dec. 31 2023      0.23           0.38           Beat