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

Grid Dynamics Holdings

05/05/2023 24:29

* Grid Dynamics Holdings Inc  GDYN.OQ  reported quarterly
adjusted
earnings of 8 cents​​ per share for the quarter ended in March.
The mean expectation of seven analysts for the quarter was
for earnings of 8 cents per share.
    * Revenue rose 12.1% to $80.08 million from a year ago;
analysts
expected $79.65 million. 
    * Grid Dynamics Holdings Inc's reported EPS for the quarter
was a
loss of 11 cents​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Grid Dynamics Holdings Inc shares had fallen by 0.7% this
quarter and gained 1.4% so far this year.
    * The company reported a quarterly loss of $7.97 million.
    * Wall Street's median 12-month price target for Grid
Dynamics
Holdings Inc is $20.00 
    * 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 May
4 at 11:29 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.08           0.08           Met
 Dec. 31 2022      0.11           0.14           Beat
 Sep. 30 2022      0.12           0.15           Beat
 Jun. 30 2022      0.09           0.12           Beat