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

Braze

09/12/2024 22:02

* Braze Inc  BRZE.OQ  reported quarterly adjusted earnings
of 2
cents​​ per share for the quarter ended October 31, higher than
the same quarter last year, when the company reported EPS of -5
cents.  The mean expectation of nineteen analysts for the
quarter was for breakeven results per share. Wall Street
expected results to range from -1 cents to 2 cents per share.
    * Revenue rose 22.7% to $152.05 million from a year ago;
analysts
expected $148.20 million. 
    * Braze Inc's reported EPS for the quarter was a loss of 27
cents​.
    * The company reported a quarterly loss of $27.91 million.
    * Braze Inc shares had risen by 28.2% this quarter and
lost 22.0%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 18 "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
$49.00 
This summary was machine generated from LSEG data December 9 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 2024      0.00           0.02           Beat
 Jul. 31 2024      -0.03          0.09           Beat
 Apr. 30 2024      -0.10          -0.05          Beat
 Jan. 31 2024      -0.05          -0.04          Beat