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

Five9

03/05/2024 06:42

* Five9 Inc  FIVN.OQ  reported quarterly adjusted earnings
of 48
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 41
cents.  The mean expectation of twenty two analysts for the
quarter was for earnings of 38 cents per share. Wall Street
expected results to range from 37 cents to 39 cents per share.
    * Revenue rose 13.1% to $247.01 million from a year ago;
analysts
expected $239.99 million. 
    * Five9 Inc's reported EPS for the quarter was a loss of 10
cents​.
    * The company reported a quarterly loss of $7.08 million.
    * Five9 Inc shares had fallen by 8.7% this quarter and
lost 27.9%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 20.5%
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 "buy"
and
the breakdown of recommendations is 19 "strong buy" or "buy," 3
"hold" and 1 "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
$86.00 
This summary was machine generated from LSEG data May 3 at 05:42
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
 Mar. 31 2024      0.38           0.48           Beat
 Dec. 31 2023      0.49           0.61           Beat
 Sep. 30 2023      0.43           0.52           Beat
 Jun. 30 2023      0.39           0.52           Beat