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

Couchbase

05/03/2024 23:30

* Couchbase Inc  BASE.OQ  reported a quarterly adjusted loss
of 6
cents​​ per share for the quarter ended in January, higher than
the same quarter last year, when the company reported EPS of -18
cents.  The mean expectation of twelve analysts for the quarter
was for a loss of 14 cents per share. Wall Street expected
results to range from -17 cents to -13 cents per share.
    * Revenue rose 20.3% to $50.09 million from a year ago;
analysts
expected $46.66 million. 
    * Couchbase Inc's reported EPS for the quarter was a loss
of 44
cents​.
    * The company reported a quarterly loss of $21.4 million.
    * Couchbase Inc shares had risen by 24.2% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 11.8%
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," 4
"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
$27.00 
This summary was machine generated from LSEG data March 5 at
11:30 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
 Jan. 31 2024      -0.14          -0.06          Beat
 Oct. 31 2023      -0.18          -0.08          Beat
 Jul. 31 2023      -0.22          -0.17          Beat
 Apr. 30 2023      -0.32          -0.27          Beat