Jfrog Ltd reports results for the quarter - Earnings Summary

Jfrog

08/11/2024 21:05

* Jfrog Ltd  FROG.OQ  reported quarterly adjusted earnings
of 15
cents​​ per share for the quarter , identical to the same
quarter last year.  The mean expectation of twenty analysts for
the quarter was for earnings of 11 cents per share. Wall Street
expected results to range from 10 cents to 12 cents per share.
    * Revenue rose 23% to $109.06 million from a year ago;
analysts
expected $105.60 million. 
    * Jfrog Ltd's reported EPS for the quarter was a loss of 21
cents​.
    * The company reported a quarterly loss of $22.95 million.
    * Jfrog Ltd shares had risen by 13.2% this quarter and
lost 5.1%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.8%
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 18 "strong buy" or "buy," 3
"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 Jfrog Ltd is
$36.00 
This summary was machine generated from LSEG data November 8 at
09:05 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
 Sep. 30 2024      0.11           0.15           Beat
 Jun. 30 2024      0.14           0.15           Beat
 Mar. 31 2024      0.14           0.16           Beat
 Dec. 31 2023      0.12           0.19           Beat