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

Kinaxis

02/11/2023 06:25

* Kinaxis Inc  KXS.TO  reported quarterly adjusted earnings
of 52
cents​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of 20 cents.  The mean expectation of eight analysts for the
quarter was for earnings of 32 cents per share. Wall Street
expected results to range from 27 cents to 36 cents per share.
    * Revenue rose 20.8% to $108.08 million from a year ago;
analysts
expected $107.31 million. 
    * Kinaxis Inc's reported EPS for the quarter was 25 cents​.
    * The company reported quarterly net income of $7.39
million.
    * Kinaxis Inc shares had fallen by 12.2% this quarter and
lost 11.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.8%
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 November 2 at
06:25 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      0.26           0.60           Beat