Five9 Inc reports results for the quarter ended in June - Earnings Summary

Five9

09/08/2024 08:29

* Five9 Inc  FIVN.OQ  reported quarterly adjusted earnings
of 52
cents​​ per share for the quarter ended in June, identical to
the same quarter last year.  The mean expectation of twenty
two analysts for the quarter was for earnings of 44 cents per
share. Wall Street expected results to range from 40 cents to 48
cents per share.
    * Revenue rose 13.1% to $252.09 million from a year ago;
analysts
expected $245.23 million. 
    * Five9 Inc's reported EPS for the quarter was a loss of 17
cents​.
    * The company reported a quarterly loss of $12.82 million.
    * Five9 Inc shares had fallen by 3.7% this quarter and
lost 46.0%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.1%
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 "buy"
and
the breakdown of recommendations is 20 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Five9 Inc is
$67.00 
This summary was machine generated from LSEG data August 9 at
07:29 a.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
 Jun. 30 2024      0.44           0.52           Beat
 Mar. 31 2024      0.38           0.48           Beat
 Dec. 31 2023      0.49           0.61           Beat
 Sep. 30 2023      0.43           0.52           Beat