Braze Inc reports results for the quarter ended in July 31 - Earnings Summary

Braze

05/09/2024 22:01

* Braze Inc  BRZE.OQ  reported quarterly adjusted earnings
of 9
cents​​ per share for the quarter ended July 31, higher than the
same quarter last year, when the company reported EPS of -4
cents.  The mean expectation of eighteen analysts for the
quarter was for a loss of 3 cents per share. Wall Street
expected results to range from -4 cents to -2 cents per share.
    * Revenue rose 26.4% to $145.50 million from a year ago;
analysts
expected $141.30 million. 
    * Braze Inc's reported EPS for the quarter was a loss of 23
cents​.
    * The company reported a quarterly loss of $23 million.
    * Braze Inc shares had risen by 11.2% this quarter and
lost 18.7%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 8.9%
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 18 "strong buy" or "buy," no
"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
$61.00 
This summary was machine generated from LSEG data September 5 at
09:01 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
 Jul. 31 2024      -0.03          0.09           Beat
 Apr. 30 2024      -0.10          -0.05          Beat
 Jan. 31 2024      -0.05          -0.04          Beat
 Oct. 31 2023      -0.13          -0.05          Beat