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

Braze

06/06/2024 22:01

* Braze Inc  BRZE.OQ  reported a quarterly adjusted loss
of 5
cents​​ per share for the quarter ended in April, higher than
the same quarter last year, when the company reported EPS of -13
cents.  The mean expectation of eighteen analysts for the
quarter was for a loss of 10 cents per share. Wall Street
expected results to range from -11 cents to -9 cents per share.
    * Revenue rose 33.1% to $135.46 million from a year ago;
analysts
expected $131.67 million. 
    * Braze Inc's reported EPS for the quarter was a loss of 35
cents​.
    * The company reported a quarterly loss of $35.64 million.
    * Braze Inc shares had fallen by 18.6% this quarter and
lost 32.1%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 108.4% in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 17 "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
$65.00 
This summary was machine generated from LSEG data June 6 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 ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Apr. 30 2024      -0.10          -0.05          Beat
 Jan. 31 2024      -0.05          -0.04          Beat
 Oct. 31 2023      -0.13          -0.05          Beat
 Jul. 31 2023      -0.14          -0.04          Beat