Grid Dynamics Holdings Inc reports results for the quarter ended March 31 - Earnings Summary

Grid Dynamics Holdings

02/05/2025 06:33

Grid Dynamics Holdings Inc GDYN.OQ reported quarterly adjusted earnings of 11 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 7 cents.  The mean expectation of five analysts for the quarter was for earnings of 9 cents per share. Wall Street expected results to range from 7 cents to 11 cents per share.

Revenue rose 25.8% to $100.42 million from a year ago; analysts expected $98.36 million.

Grid Dynamics Holdings Inc's reported EPS for the quarter was 3 cents​.

The company reported quarterly net income of $2.91 million.

Grid Dynamics Holdings Inc shares had fallen by 10.0% this quarter and lost 36.7% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts was unchanged 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 5 "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 $19.00

This summary was machine generated from LSEG data May 2 at 05:32 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
Mar. 31 2025
0.09
0.11
Beat
Dec. 31 2024
0.10
0.12
Beat
Sep. 30 2024
0.09
0.10
Beat
Jun. 30 2024
0.07
0.08
Beat