Grid Dynamics Holdings Inc expected to post earnings of 7 cents a share - Earnings Preview

Grid Dynamics Holdings

30/04/2024 23:11

* Grid Dynamics Holdings Inc  GDYN.OQ   GDYN.O  is expected
to show a fall in quarterly revenue when it reports  results on
May 2 for the period ending March 31 2024
    * The San Ramon California-based  company is expected to
report a
2.8% decrease in revenue to $77.874 million from $80.08 million
a year ago, according to the mean estimate from 7 analysts,
based on LSEG data.The company's guidance on February 22 2024,
for the period ended March 31, was for revenue between $77.00
million and $79.00 million.
    * ​LSEG's mean analyst estimate for Grid Dynamics Holdings
Inc is
for earnings of 7 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 1
"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 Grid
Dynamics
Holdings Inc is $15.50​, above​ its last closing price of $9.82.
​​​

The company's guidance on February 22 2024 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD77 million and USD10.5 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.07        0.08       0.07      Missed  -8.6
 Sep. 30 2023  0.08        0.08       0.08      Met     1.8
 Jun. 30 2023  0.08        0.08       0.09      Beat    13.9​
 Mar. 31 2023  0.08        0.08       0.08      Met     -1.2
 ​​Dec.        0.11        0.11       0.14      Beat    33.3
 31 2022                                                
 Sep. 30 2022  0.12        0.12       0.15      Beat    26.8​
 Jun. 30 2022  0.09        0.09       0.12      Beat    35.7
 Mar. 31 2022  0.05        0.05       0.10      Beat    115.4
 This summary was machine generated April 30 at 22:11 GMT.  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)