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

Kinaxis

29/02/2024 05:00

* Kinaxis Inc  KXS.TO  reported quarterly adjusted earnings
of 43
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of 60
cents.  The mean expectation of ten analysts for the quarter was
for earnings of 44 cents per share. Wall Street expected
results to range from 37 cents to 50 cents per share.
    * Revenue rose 13.7% to $111.99 million from a year ago;
analysts
expected $113.59 million. 
    * Kinaxis Inc's reported EPS for the quarter was 14 cents​.
    * The company reported quarterly net income of $4.02
million.
    * Kinaxis Inc shares had risen by 2.1% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.9%
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," 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 Kinaxis Inc is
C$220.00 
This summary was machine generated from LSEG data February 29 at
04:59 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      0.44           0.43           Missed
 Sep. 30 2023      0.32           0.52           Beat
 Jun. 30 2023      0.28           0.25           Missed
 Mar. 31 2023      0.37           0.40           Beat