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

Couchbase

07/12/2023 24:13

* Couchbase Inc  BASE.OQ  reported a quarterly adjusted loss
of 8
cents​​ per share for the quarter ended in October, higher than
the same quarter last year, when the company reported EPS of -22
cents.  The mean expectation of eleven analysts for the quarter
was for a loss of 18 cents per share. Wall Street expected
results to range from -21 cents to -17 cents per share.
    * Revenue rose 18.8% to $45.81 million from a year ago;
analysts
expected $43.10 million. 
    * Couchbase Inc's reported EPS for the quarter was a loss
of 34
cents​.
    * The company reported a quarterly loss of $16.26 million.
    * Couchbase Inc shares had risen by 19.2% this quarter and
gained 54.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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," 3
"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
$21.50 
This summary was machine generated from LSEG data December 7 at
12:12 a.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      -0.18          -0.08          Beat
 Jul. 31 2023      -0.22          -0.17          Beat
 Apr. 30 2023      -0.32          -0.27          Beat
 Jan. 31 2023      -0.34          -0.18          Beat