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

Jfrog

08/08/2024 24:03

* Jfrog Ltd  FROG.OQ  reported quarterly adjusted earnings
of 15
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of 11
cents.  The mean expectation of eighteen analysts for the
quarter was for earnings of 14 cents per share. Wall Street
expected results to range from 13 cents to 16 cents per share.
    * Revenue rose 22.4% to $103.04 million from a year ago;
analysts
expected $103.58 million. 
    * Jfrog Ltd's reported EPS for the quarter was a loss of 13
cents​.
    * The company reported a quarterly loss of $14.3 million.
    * Jfrog Ltd shares had fallen by 9.1% this quarter and
lost 1.3%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.8%
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 17 "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
$46.50 
This summary was machine generated from LSEG data August 7 at
11:03 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
 Jun. 30 2024      0.14           0.15           Beat
 Mar. 31 2024      0.14           0.16           Beat
 Dec. 31 2023      0.12           0.19           Beat
 Sep. 30 2023      0.08           0.15           Beat