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Braze Inc reports results for the quarter ended April 30 - Earnings Summary

Braze Inc BRZE.OQ reported quarterly adjusted earnings of 7 cents​​ per share for the quarter ended April 30, higher than the same quarter last year, when the company reported EPS of -5 cents.  The mean expectation of twenty analysts for the quarter was for earnings of 5 cents per share. Wall Street expected results to range from 3 cents to 5 cents per share.

Revenue rose 19.6% to $162.06 million from a year ago; analysts expected $158.66 million.

Braze Inc's reported EPS for the quarter was a loss of 34 cents​.

The company reported a quarterly loss of $35.79 million.

Braze Inc shares had risen by 1.5% this quarter and lost 12.6% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 29.2% in the last three months.​

In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy," 1 "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 Braze Inc is $50.00

This summary was machine generated from LSEG data June 5 at 09:00 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 ENDINGESTIMATEACTUALBEAT, MET, MISSED
Apr. 30 20250.050.07Beat
Jan. 31 20250.050.12Beat
Oct. 31 20240.000.02Beat
Jul. 31 2024-0.030.09Beat

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