Jfrog Ltd reports results for the quarter ended in December - Earnings Summary

Jfrog

14/02/2024 23:36

* Jfrog Ltd  FROG.OQ  reported quarterly adjusted earnings
of 19
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of 4
cents.  The mean expectation of thirteen analysts for the
quarter was for earnings of 12 cents per share. Wall Street
expected results to range from 12 cents to 13 cents per share.
    * Revenue rose 27.1% to $97.26 million from a year ago;
analysts
expected $93.04 million. 
    * Jfrog Ltd's reported EPS for the quarter was a loss of 11
cents​.
    * The company reported a quarterly loss of $11.23 million.
    * Jfrog Ltd shares had risen by 3.3% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.3%
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 12 "strong buy" or "buy," 2
"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
$37.00 
This summary was machine generated from LSEG data February 14 at
11:35 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
 Dec. 31 2023      0.12           0.19           Beat
 Sep. 30 2023      0.08           0.15           Beat
 Jun. 30 2023      0.05           0.11           Beat
 Mar. 31 2023      0.03           0.06           Beat