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

Bandwidth

02/11/2023 21:41

* Bandwidth Inc  BAND.OQ  reported quarterly adjusted
earnings of
23 cents​​ per share for the quarter ended in September, lower
than the same quarter last year, when the company reported EPS
of 27 cents.  The mean expectation of ten analysts for the
quarter was for earnings of 17 cents per share. Wall Street
expected results to range from 5 cents to 23 cents per share.
    * Revenue rose 2.5% to $152.01 million from a year ago;
analysts
expected $149.06 million. 
    * Bandwidth Inc's reported EPS for the quarter was a loss
of 20
cents​.
    * The company reported a quarterly loss of $5.13 million.
    * Bandwidth Inc shares had fallen by 6.1% this quarter and
lost 53.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11.4%
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," 5
"hold" and no "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
$17.00 
This summary was machine generated from LSEG data November 2 at
09:41 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.17           0.23           Beat
 Jun. 30 2023      0.04           0.16           Beat
 Mar. 31 2023      0.01           0.05           Beat
 Dec. 31 2022      0.04           0.19           Beat