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

Grid Dynamics Holdings

03/05/2024 24:11

* Grid Dynamics Holdings Inc  GDYN.OQ  reported quarterly
adjusted
earnings of 7 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of 8 cents.  The mean expectation of seven analysts for the
quarter was for earnings of 7 cents per share. Wall Street
expected results to range from 6 cents to 8 cents per share.
    * Revenue fell 0.3% to $79.82 million from a year ago;
analysts
expected $77.87 million. 
    * Grid Dynamics Holdings Inc's reported EPS for the quarter
was a
loss of 5 cents​.
    * The company reported a quarterly loss of $4.13 million.
    * Grid Dynamics Holdings Inc shares had fallen by 19.4% this
quarter and lost 25.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the it services &
consulting peer group is also "buy"

Wall Street's median 12-month price target for Grid Dynamics
Holdings Inc is $15.50 
This summary was machine generated from LSEG data May 2 at 11:11
p.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      0.07           0.07           Met
 Dec. 31 2023      0.08           0.07           Missed
 Sep. 30 2023      0.08           0.08           Met
 Jun. 30 2023      0.08           0.09           Beat