Digimarc Corp reports results for the quarter ended in June - Earnings Summary

Digimarc

13/08/2024 22:22

* Digimarc Corp  DMRC.OQ  reported a quarterly adjusted loss
of 43
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of -29
cents.  The mean expectation of two analysts for the quarter was
for a loss of 27 cents per share. Wall Street expected
results to range from -27 cents to -26 cents per share.
    * Revenue rose 18.9% to $10.38 million from a year ago;
analysts
expected $10.10 million. 
    * Digimarc Corp's reported EPS for the quarter was a loss
of 43
cents​.
    * The company reported a quarterly loss of $9.27 million.
    * Digimarc Corp shares had fallen by 8.5% this quarter and
lost 21.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.9%
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 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is  "hold."

Wall Street's median 12-month price target for Digimarc Corp is
$34.00 
This summary was machine generated from LSEG data August 13 at
09:21 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
 Jun. 30 2024                     -0.43          
 Mar. 31 2024      -0.31          -0.27          Beat
 Dec. 31 2023      -0.32          -0.28          Beat
 Sep. 30 2023      -0.34          -0.29          Beat