Klaviyo Inc reports results for the quarter ended in June - Earnings Summary

Klaviyo

08/08/2024 20:37

* Klaviyo Inc  KVYO.N  reported quarterly adjusted earnings
of 15
cents​​ per share for the quarter ended in June.  The mean
expectation of seventeen analysts for the quarter was
for earnings of 10 cents per share. Wall Street expected
results to range from 7 cents to 12 cents per share.
    * Revenue was $222.21 million​; analysts expected $212.31
million. 
    * Klaviyo Inc's reported EPS for the quarter was a loss of 2
cents​.
    * The company reported a quarterly loss of $4.94 million.
    * Klaviyo Inc shares had fallen by 7.3% this quarter and
lost 16.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.6%
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 13 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the online
services
peer group is also "buy"

Wall Street's median 12-month price target for Klaviyo Inc is
$34.50 
This summary was machine generated from LSEG data August 8 at
07:36 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
 Jun. 30 2024      0.10           0.15           Beat
 Mar. 31 2024      0.11           0.13           Beat
 Dec. 31 2023      0.08           0.09           Beat
 Sep. 30 2023      0.05           0.10           Beat