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

Jfrog

02/11/2023 16:01

* Jfrog Ltd  FROG.OQ  reported quarterly adjusted earnings
of 15
cents​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of 2 cents.  The mean expectation of fourteen analysts for the
quarter was for earnings of 8 cents per share. Wall Street
expected results to range from 7 cents to 9 cents per share.
    * Revenue rose 23.1% to $88.64 million from a year ago;
analysts
expected $87.56 million. 
    * Jfrog Ltd's reported EPS for the quarter was a loss of 13
cents​.
    * The company reported a quarterly loss of $13.75 million.
    * Jfrog Ltd shares had fallen by 11.2% this quarter and
gained 5.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.1%
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 11 "strong buy" or "buy," 4
"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
$32.50 
This summary was machine generated from LSEG data November 2 at
04:00 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.08           0.15           Beat
 Jun. 30 2023      0.05           0.11           Beat
 Mar. 31 2023      0.03           0.06           Beat
 Dec. 31 2022      0.02           0.04           Beat