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

Kinaxis

09/05/2024 19:51

* Kinaxis Inc  KXS.TO  reported quarterly adjusted earnings
of 57
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 40
cents.  The mean expectation of ten analysts for the quarter was
for earnings of 49 cents per share. Wall Street expected
results to range from 40 cents to 56 cents per share.
    * Revenue rose 18% to $119.37 million from a year ago;
analysts
expected $116.40 million. 
    * Kinaxis Inc's reported EPS for the quarter was 21 cents​.
    * The company reported quarterly net income of $6.19
million.
    * Kinaxis Inc shares had fallen by 6.3% this quarter and
lost 3.0%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 10.9%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 1
"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$200.00 
This summary was machine generated from LSEG data May 9 at 06:51
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
 Mar. 31 2024      0.49           0.57           Beat
 Dec. 31 2023      0.44           0.43           Missed
 Sep. 30 2023      0.32           0.52           Beat
 Jun. 30 2023      0.28           0.25           Missed