Instructure Holdings Inc reports results for the quarter ended in December - Earnings Summary

Instructure Holdings

21/02/2024 10:42

* Instructure Holdings Inc  INST.N  reported quarterly
adjusted
earnings of 23 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 20 cents.  The mean expectation of
twelve analysts for the quarter was for earnings of 23 cents per
share. Wall Street expected results to range from 22 cents to 23
cents per share.
    * Revenue rose 8.5% to $135.38 million from a year ago;
analysts
expected $134.57 million. 
    * Instructure Holdings Inc's reported EPS for the quarter
was a
loss of 4 cents​.
    * The company reported a quarterly loss of $5.77 million.
    * Instructure Holdings Inc shares had fallen by 12.7% this
quarter.

FORECAST CHANGES
    * 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.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Instructure
Holdings Inc is $31.00 
This summary was machine generated from LSEG data February 21 at
10:42 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
 Dec. 31 2023      0.23           0.23           Met
 Sep. 30 2023      0.20           0.25           Beat
 Jun. 30 2023      0.19           0.19           Met
 Mar. 31 2023      0.18           0.19           Beat