Grid Dynamics Holdings Inc expected to post earnings of 8  cents a share - Earnings Preview

Grid Dynamics Holdings

03/05/2023 03:06

* Grid Dynamics Holdings Inc  GDYN.OQ   GDYN.O  is expected
to show a rise in quarterly revenue when it reports  results on
May 4. 
    * The La Jolla California-based  company is expected to
report  a
11.5% increase in revenue to $79.654 million from $71.41 million
a year ago, according to the mean estimate from 6 analysts,
based on Refinitiv data. The company's guidance on February 23
2023, for the period ended March 31, was for revenue between
$78.00 million and $80.00 million.
    * ​Refinitiv's mean analyst estimate for Grid Dynamics
Holdings
Inc is for earnings of 8 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 $20​, above​ its last closing price of $11.22.
​​​

The company's guidance on February 23 2023 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD78 million and USD11 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.11        0.11       0.14      Beat    33.3
 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
 ​​Dec.        0.09        0.08       0.10      Beat    18.1
 31 2021                                                
 Sep. 30 2021  0.08        0.08       0.11      Beat    40​
 Jun. 30 2021  0.06        0.06       0.10      Beat    66.7
 Mar. 31 2021  0.02        0.02       0.05      Beat    108.3
 This summary was machine generated May 3 at 02:05 GMT.  All
figures in US dollars  unless otherwise stated