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

Everbridge

09/05/2024 22:20

* Everbridge Inc  EVBG.OQ  reported quarterly adjusted
earnings of
18 cents​​ per share for the quarter ended in March, lower than
the same quarter last year, when the company reported EPS of 25
cents.  The mean expectation of ten analysts for the quarter was
for earnings of 39 cents per share. Wall Street expected
results to range from 29 cents to 45 cents per share.
    * Revenue rose 2.9% to $111.43 million from a year ago;
analysts
expected $112.10 million. 
    * Everbridge Inc's reported EPS for the quarter was a loss
of 49
cents​.
    * The company reported a quarterly loss of $20.07 million.
    * Everbridge Inc shares had fallen by 0.2% this quarter and
gained 43.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 9
"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
$32.00 
This summary was machine generated from LSEG data May 9 at 09:19
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
 Mar. 31 2024      0.39           0.18           Missed
 Dec. 31 2023      0.49           0.47           Missed
 Sep. 30 2023      0.42           0.46           Beat
 Jun. 30 2023      0.27           0.31           Beat