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

Digimarc

02/05/2024 22:02

* Digimarc Corp  DMRC.OQ  reported a quarterly adjusted loss
of 50
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of -45
cents.  The mean expectation of two analysts for the quarter was
for a loss of 31 cents per share. Wall Street expected
results to range from -33 cents to -30 cents per share.
    * Revenue rose 26.7% to $9.94 million from a year ago;
analysts
expected $9.58 million. 
    * Digimarc Corp's reported EPS for the quarter was a loss
of 50
cents​.
    * The company reported a quarterly loss of $10.34 million.
    * Digimarc Corp shares had fallen by 19.7% this quarter and
lost 39.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 11.5%
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 "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "hold"

Wall Street's median 12-month price target for Digimarc Corp is
$35.00 
This summary was machine generated from LSEG data May 2 at 09:01
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
 Mar. 31 2024      -0.31          -0.50          Missed
 Dec. 31 2023      -0.32          -0.28          Beat
 Sep. 30 2023      -0.34          -0.29          Beat
 Jun. 30 2023      -0.36          -0.29          Beat