Grid Dynamics Holdings Inc reports results for the quarter ended in June - Earnings Summary

Grid Dynamics Holdings

04/08/2023 24:24

* Grid Dynamics Holdings Inc  GDYN.OQ  reported quarterly
adjusted
earnings of 9 cents​​ per share for the quarter ended in June.
The mean expectation of seven analysts for the quarter was
for earnings of 8 cents per share.
    * Revenue rose 0% to $77.34 million from a year ago;
analysts
expected $76.69 million. 
    * Grid Dynamics Holdings Inc's reported EPS for the quarter
was 3
cents​.
    * The mean earnings estimate of analysts had fallen by
about 11.5%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Grid Dynamics Holdings Inc shares had risen by 4.6% this
quarter and lost 13.7% so far this year.
    * The company reported quarterly net income of $2.63
million.
    * Wall Street's median 12-month price target for Grid
Dynamics
Holdings Inc is $14.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 3 at 11:23 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.08           0.09           Beat
 Mar. 31 2023      0.08           0.08           Met
 Dec. 31 2022      0.11           0.14           Beat
 Sep. 30 2022      0.12           0.15           Beat