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

Braze

06/12/2023 22:02

* Braze Inc  BRZE.OQ  reported a quarterly adjusted loss
of 5
cents​​ per share for the quarter ended in October, higher than
the same quarter last year, when the company reported EPS of -15
cents.  The mean expectation of eighteen analysts for the
quarter was for a loss of 13 cents per share. Wall Street
expected results to range from -14 cents to -12 cents per share.
    * Revenue rose 33.1% to $123.96 million from a year ago;
analysts
expected $117.27 million. 
    * Braze Inc's reported EPS for the quarter was a loss of 31
cents​.
    * The company reported a quarterly loss of $30.74 million.
    * Braze Inc shares had risen by 21.6% this quarter and
gained 108.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 12.6%
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 16 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Braze Inc
is
$57.00 

This summary was machine generated from LSEG data December 6 at
10:01 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
 Oct. 31 2023      -0.13          -0.05          Beat
 Jul. 31 2023      -0.14          -0.04          Beat
 Apr. 30 2023      -0.18          -0.13          Beat
 Jan. 31 2023      -0.19          -0.14          Beat