Digimarc Corp reports results for the quarter ended September 30 - Earnings Summary

Digimarc

15/11/2024 14:03

* Digimarc Corp  DMRC.OQ  reported a quarterly adjusted loss
of 29
cents​​ per share for the quarter ended September 30, identical
to the same quarter last year.  The mean expectation of
two analysts for the quarter was for a loss of 23 cents per
share. Wall Street expected results to range from -24 cents
to -22 cents per share.
    * Revenue rose 5% to $9.44 million from a year ago; analysts
expected $10.68 million. 
    * Digimarc Corp's reported EPS for the quarter was a loss
of 50
cents​.
    * The company reported a quarterly loss of $10.75 million.
    * Digimarc Corp shares had risen by 12.1% this quarter and
lost 16.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 November 15 at
02:02 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
 Sep. 30 2024      -0.23          -0.29          Missed
 Jun. 30 2024      -0.27          -0.23          Beat
 Mar. 31 2024      -0.31          -0.27          Beat
 Dec. 31 2023      -0.32          -0.28          Beat