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

Ebix

09/08/2023 15:21

* Ebix Inc  EBIX.OQ  reported quarterly adjusted earnings of
1
cent​​ per share for the quarter ended in June. The mean
expectation of two analysts for the quarter was for earnings of
25 cents per share.
    * Revenue fell 52.8% to $118.43 million from a year ago;
analysts
expected $197.88 million. 
    * Ebix Inc's reported EPS for the quarter was 1 cent​.
    * The mean earnings estimate of analysts had fallen by
about 22.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Ebix Inc shares had risen by 4.2% this quarter and
gained 31.5%
so far this year.
    * The company reported quarterly net income of $308
thousand.
    * Wall Street's median 12-month price target for Ebix Inc is
$39.88 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 02:21 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.25           0.01           Missed
 Mar. 31 2023      0.34           0.23           Missed
 Dec. 31 2022      0.55           0.26           Missed
 Sep. 30 2022      0.60           0.59           Missed