Grid Dynamics Holdings Inc reports results for the quarter ended in September 30 - Earnings Summary

Grid Dynamics Holdings

01/11/2024 03:35

* Grid Dynamics Holdings Inc  GDYN.OQ  reported quarterly
adjusted
earnings of 10 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 8 cents.  The mean expectation of eight analysts
for the quarter was for earnings of 9 cents per share. Wall
Street expected results to range from 9 cents to 10 cents per
share.
    * Revenue rose 12.9% to $87.44 million from a year ago;
analysts
expected $85.22 million. 
    * Grid Dynamics Holdings Inc's reported EPS for the quarter
was 5
cents​.
    * The company reported quarterly net income of $4.28
million.
    * Grid Dynamics Holdings Inc shares had risen by 13.8% this
quarter and gained 19.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," no
"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 17.00 
This summary was machine generated from LSEG data November 1 at
03:35 a.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
 Sep. 30 2024      0.09           0.10           Beat
 Jun. 30 2024      0.07           0.08           Beat
 Mar. 31 2024                     0.07           
 Dec. 31 2023                     0.07