Everbridge Inc reports results for the quarter ended in December - Earnings Summary

Everbridge

26/02/2024 22:00

* Everbridge Inc  EVBG.OQ  reported quarterly adjusted
earnings of
47 cents​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of 39 cents.  The mean expectation of twelve analysts for the
quarter was for earnings of 49 cents per share. Wall Street
expected results to range from 47 cents to 50 cents per share.
    * Revenue fell 1.2% to $115.76 million from a year ago;
analysts
expected $114.67 million. 
    * Everbridge Inc's reported EPS for the quarter was a loss
of 47
cents​.
    * The company reported a quarterly loss of $19.29 million.
    * Everbridge Inc shares had risen by 16.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 10
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "hold"

Wall Street's median 12-month price target for Everbridge Inc is
$28.00 
This summary was machine generated from LSEG data February 26 at
10:00 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.49           0.47           Missed
 Sep. 30 2023      0.42           0.46           Beat
 Mar. 31 2023      0.27           0.31           Beat
 Dec. 31 2022      0.13           0.25           Beat