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

Klaviyo

07/11/2024 05:18

* Klaviyo Inc  KVYO.N  reported quarterly adjusted earnings
of 15
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 10 cents.  The mean expectation of twenty analysts for the
quarter was for earnings of 11 cents per share. Wall Street
expected results to range from 8 cents to 12 cents per share.
    * Revenue rose 33.7% to $235.09 million from a year ago;
analysts
expected $226.34 million. 
    * Klaviyo Inc's reported EPS for the quarter was a loss of 1
cent​.
    * The company reported a quarterly loss of $1.35 million.
    * Klaviyo Inc shares had risen by 14.1% this quarter and
gained 45.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.3%
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 16 "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
42.00 
This summary was machine generated from LSEG data November 7 at
05:18 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      0.11           0.15           Beat
 Jun. 30 2024      0.10           0.15           Beat
 Mar. 31 2024      0.11           0.13           Beat
 Dec. 31 2023      0.08           0.09           Beat