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

Grid Dynamics Holdings

02/11/2023 22:57

* Grid Dynamics Holdings Inc  GDYN.OQ  reported quarterly
adjusted
earnings of 8 cents​​ per share for the quarter ended in
September, lower than the same quarter last year, when the
company reported EPS of 15 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 8 cents per
share. Wall Street expected results to range from 7 cents to 8
cents per share.
    * Revenue fell 4.6% to $77.42 million from a year ago;
analysts
expected $76.67 million. 
    * Grid Dynamics Holdings Inc's reported EPS for the quarter
was 1
cent​.
    * The company reported quarterly net income of $676
thousand.
    * Grid Dynamics Holdings Inc shares had fallen by 16.1% this
quarter and lost 8.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.3%
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 $14.00 
This summary was machine generated from LSEG data November 2 at
10:56 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.08           0.08           Met
 Jun. 30 2023      0.08           0.09           Beat
 Mar. 31 2023      0.08           0.08           Met
 Dec. 31 2022      0.11           0.14           Beat