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

Ebix

10/05/2023 14:31

* Ebix Inc  EBIX.OQ  reported quarterly adjusted earnings of
23
cents​​ per share for the quarter ended in March. The mean
expectation of two analysts for the quarter was for earnings of
34 cents per share.
    * Revenue fell 15.2% to $242.76 million from a year ago;
analysts
expected $246.10 million. 
    * Ebix Inc's reported EPS for the quarter was 23 cents​.
    * The mean earnings estimate of analysts had fallen by
about 40.2%
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 26.0% this quarter and
lost 16.7%
so far this year.
    * The company reported quarterly net income of $7.07
million.
    * 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 May
10 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      0.57           0.63           Beat