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

Klaviyo

09/05/2024 16:47

* Klaviyo Inc  KVYO.N  reported quarterly adjusted earnings
of 13
cents​​ per share for the quarter ended in March.  The mean
expectation of sixteen analysts for the quarter was for earnings
of 11 cents per share. Wall Street expected results to range
from 9 cents to 12 cents per share.
    * Revenue was $209.99 million​; analysts expected $202.22
million. 
    * Klaviyo Inc's reported EPS for the quarter was a loss of 5
cents​.
    * The company reported a quarterly loss of $12.88 million.
    * Klaviyo Inc shares had fallen by 15.5% this quarter and
lost 22.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.8%
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 11 "strong buy" or "buy," 5
"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
$35.00 
This summary was machine generated from LSEG data May 9 at 03:47
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      0.11           0.13           Beat
 Dec. 31 2023      0.08           0.09           Beat
 Sep. 30 2023      0.05           0.10           Beat