Crexendo Inc reports results for the quarter ended in September 30 - Earnings Summary

Crexendo

07/11/2024 04:07

* Crexendo Inc  CXDO.OQ  reported quarterly adjusted
earnings of 6
cents​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of 12
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 7 cents per share.
    * Revenue rose 12.6% to $15.63 million from a year ago;
analysts
expected $15.14 million. 
    * Crexendo Inc's reported EPS for the quarter was breakeven
results​.
    * The company reported quarterly net income of $148
thousand.
    * Crexendo Inc shares had risen by 25.4% this quarter and
gained 20.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 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 4 "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
6.50 
This summary was machine generated from LSEG data November 7 at
04:07 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
 Sep. 30 2024      0.05           0.06           Beat
 Jun. 30 2024      0.05           0.07           Beat
 Mar. 31 2024      0.05           0.06           Beat
 Dec. 31 2023      0.04           0.06           Beat