Crexendo Inc reports results for the quarter ended in June - Earnings Summary

Crexendo

07/08/2024 02:08

* Crexendo Inc  CXDO.OQ  reported quarterly adjusted
earnings of 7
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of 4
cents.  The mean expectation of four analysts for the quarter
was for earnings of 5 cents per share. Wall Street expected
results to range from 4 cents to 6 cents per share.
    * Revenue rose 15.9% to $14.69 million from a year ago;
analysts
expected $14.19 million. 
    * Crexendo Inc's reported EPS for the quarter was 2 cents​.
    * The company reported quarterly net income of $588
thousand.
    * Crexendo Inc shares had risen by 25.9% this quarter and
lost 18.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 4.9%
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 5 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the it services &
consulting peer group is also "buy"

Wall Street's median 12-month price target for Crexendo Inc is
$6.00 
This summary was machine generated from LSEG data August 7 at
01:08 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
 Jan. 1 0001       0.05           0.07           Beat
 Mar. 31 2024      0.05           0.06           Beat
 Dec. 31 2023      0.04           0.06           Beat
 Sep. 30 2023      0.02           0.12           Beat