Edgio Inc expected to post a loss of 11 cents a share - Earnings Preview

Edgio

08/09/2023 21:05

* Edgio Inc  EGIO.OQ   EGIO.O  is expected to show a rise in
quarterly revenue when it reports  results on September 12. 
    * The Phoenix Arizona-based  company is expected to report 
a
28.3% increase in revenue to $95.307 million from $74.31 million
a year ago, according to the mean estimate from 4 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Edgio Inc is for a
loss
of 11 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 24.5%
in the last three months. ​
    * Wall Street's median 12-month price target for Edgio Inc
is
$1.25​, above​ its last closing price of $0.86. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  -0.10       -0.11      -0.09     Beat    14.9
 Dec. 31 2023              -0.10      -0.19     Missed  -93.9
 Sep. 30 2022  -0.05       -0.05      -0.08     Missed  -73​
 Jun. 30 2022  -0.04       -0.03      0.07      Beat    300
 ​​Mar.        -0.04       -0.04      -0.04     Met     -2.9
 31 2022                                                
 Dec. 31 2021  0.01        0.01       0.02      Beat    80​
 Sep. 30 2021  -0.01       -0.01      -0.01     Met     -12.5
 Jun. 30 2021  -0.04       -0.03      -0.06     Missed  -84.6
 This summary was machine generated September 8 at 20:05 GMT. 
All figures in US dollars  unless otherwise stated