Kinaxis Inc reports results for the quarter ended in September 30 - Earnings Summary

Kinaxis

31/10/2024 02:47

* Kinaxis Inc  KXS.TO  reported quarterly adjusted earnings
of 79
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 52 cents.  The mean expectation of nine analysts for the
quarter was for earnings of 60 cents per share. Wall Street
expected results to range from 51 cents to 68 cents per share.
    * Revenue rose 12.4% to $121.53 million from a year ago;
analysts
expected $122.65 million. 
    * Kinaxis Inc's reported EPS for the quarter was 23 cents​.
    * The company reported quarterly net income of $6.75
million.
    * Kinaxis Inc shares had fallen by 2.3% this quarter and
gained 5.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.5%
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 10 "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 Kinaxis Inc is
C$195.00 
This summary was machine generated from LSEG data October 31 at
02:47 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
 Sep. 30 2024      0.60           0.79           Beat
 Jun. 30 2024      0.52           0.60           Beat
 Mar. 31 2024      0.49           0.58           Beat
 Dec. 31 2023      0.44           0.43           Missed