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

Edgio

17/03/2023 20:50

* Edgio Inc  EGIO.OQ   EGIO.O  is expected to show a rise in
quarterly revenue when it reports  results on March 20
(estimated). 
    * The Phoenix Arizona-based  company is expected to report 
a
73.7% increase in revenue to $109.24 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 4 "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 $2​,
above​ its last closing price of $0.83. ​​​

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 March 13 2023 for the
period ended December 31 was for Capital Expenditures of USD2.5
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 March 17 at 20:50 GMT.  All
figures in US dollars  unless otherwise stated