Edgio Inc expected to post a loss of $1.03 a share - Earnings Preview

Edgio

27/06/2024 21:23

* Edgio Inc  EGIO.OQ   EGIO.O  is expected to show a rise in
quarterly revenue when it reports  results on June 29
(estimated) for the period ending December 31 2023
    * The Phoenix Arizona-based  company is expected to report a
15.1% increase in revenue to $98.021 million from $85.17 million
a year ago, according to the mean estimate from 3 analysts,
based on LSEG data.The company's guidance on March 15 2024, for
the period ended December 31, was for revenue between $93.00
million and $95.00 million.
    * ​LSEG's mean analyst estimate for Edgio Inc is for a loss
of
$1.03 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Edgio Inc
is
$10.00​, above​ its last closing price of $9.69. ​​​

The company's guidance on March 15 2024 for the period ended
December 31 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between 93 million and 0
(USD).The company's guidance on March 15 2024 for the period
ended December 31 was for Capital Expenditures of USD5 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  -2.75       -2.82      -2.80     Beat    0.9
 Jun. 30 2023  -4.30       -4.36      -3.60     Beat    17.4
 Mar. 31 2023  -4.13       -4.23      -3.60     Beat    14.9​
 Jan. 1 0001               -3.92      -7.60     Missed  -93.9
 ​​Sep.        -1.97       -1.85      -3.20     Missed  -73
 30 2022                                                
 Jun. 30 2022  -1.50       -1.40      2.80      Beat    300​
 Mar. 31 2022  -1.55       -1.56      -1.60     Missed  -2.9
 Dec. 31 2021  0.40        0.44       0.80      Beat    80
 This summary was machine generated June 27 at 20:23 GMT.  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)