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

Couchbase

03/12/2024 22:02

* Couchbase Inc  BASE.OQ  reported a quarterly adjusted loss
of 5
cents​​ per share for the quarter ended October 31, higher than
the same quarter last year, when the company reported EPS of -8
cents.  The mean expectation of fifteen analysts for the quarter
was for a loss of 8 cents per share. Wall Street expected
results to range from -10 cents to -7 cents per share.
    * Revenue rose 12.7% to $51.63 million from a year ago;
analysts
expected $50.78 million. 
    * Couchbase Inc's reported EPS for the quarter was a loss
of 35
cents​.
    * The company reported a quarterly loss of $18.15 million.
    * Couchbase Inc shares had risen by 27.3% this quarter and
lost 8.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 19.1%
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 12 "strong buy" or "buy," 2
"hold" and 1 "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
$23.00 
This summary was machine generated from LSEG data December 3 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      -0.08          -0.05          Beat
 Jul. 31 2024      -0.09          -0.06          Beat
 Apr. 30 2024      -0.15          -0.10          Beat
 Jan. 31 2024      -0.14          -0.06          Beat