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

Couchbase

05/06/2024 22:02

* Couchbase Inc  BASE.OQ  reported a quarterly adjusted loss
of 10
cents​​ per share for the quarter ended in April, higher than
the same quarter last year, when the company reported EPS of -27
cents.  The mean expectation of thirteen analysts for the
quarter was for a loss of 15 cents per share. Wall Street
expected results to range from -17 cents to -13 cents per share.
    * Revenue rose 25.2% to $51.33 million from a year ago;
analysts
expected $48.64 million. 
    * Couchbase Inc's reported EPS for the quarter was a loss
of 42
cents​.
    * The company reported a quarterly loss of $21 million.
    * Couchbase Inc shares had fallen by 19.2% this quarter and
lost 5.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 4.5%
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 8 "strong buy" or "buy," 5
"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 Couchbase Inc is
$33.00 
This summary was machine generated from LSEG data June 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
 Apr. 30 2024      -0.15          -0.10          Beat
 Jan. 31 2024      -0.14          -0.06          Beat
 Oct. 31 2023      -0.18          -0.08          Beat
 Jul. 31 2023      -0.22          -0.17          Beat