Edgio Inc expected to post a loss of 9 cents a share - Earnings Preview

Edgio

25/02/2023 01:35

* Edgio Inc  EGIO.OQ   EGIO.O  is expected to show a rise in
quarterly revenue when it reports  results on February 27
(estimated). 
    * The Phoenix Arizona-based  company is expected to report 
a
76.0% increase in revenue to $110.67 million from $62.89 million
a year ago, according to the mean estimate from 7 analysts,
based on Refinitiv data. The company's guidance on November 9
2022, for the period ended December 31, was for revenue between
$109.00 million and $114.00 million.
    * ​Refinitiv's mean analyst estimate for Edgio Inc is for a
loss
of 9 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"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
$2.5​, above​ its last closing price of $1.23. ​​​

The company's guidance on November 9 2022 for the period ended
December 31 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between 109 million and -6
million (USD).The company's guidance on November 9 2022 for the
period ended December 31 was for Capital Expenditures between
USD2 million and USD3.5 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Sep. 30 2022  -0.05       -0.05      -0.08     Missed  -73
 Jun. 30 2022  -0.04       -0.03      0.07      Beat    300
 Mar. 31 2022  -0.04       -0.04      -0.04     Met     -2.9​
 Dec. 31 2021  0.01        0.01       0.02      Beat    80
 ​​Sep.        -0.01       -0.01      -0.01     Met     -12.5
 30 2021                                                
 Jun. 30 2021  -0.04       -0.03      -0.06     Missed  -84.6​
 Mar. 31 2021  -0.03       -0.03      -0.09     Missed  -242.9
 Dec. 31 2020  0.02        0.02       -0.03     Missed  -249.3
 This summary was machine generated February 25 at 01:35 GMT. 
All figures in US dollars  unless otherwise stated