Olo Inc expected to post earnings of 5 cents a share - Earnings Preview

Olo

19/02/2024 22:35

* Olo Inc  OLO.N   OLO  is expected to show a rise in
quarterly
revenue when it reports  results on February 21 for the period
ending December 31 2023
    * The New York City-based  company is expected to report a
18.3% increase in revenue to $58.87 million from $49.78 million
a year ago, according to the mean estimate from 7 analysts,
based on LSEG data.The company's guidance on November 6 2023,
for the period ended December 31, was for revenue between $58.50
million and $59.00 million.
    * ​LSEG's mean analyst estimate for Olo Inc is for earnings
of 5
cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Olo Inc is
$7.50​, above​ its last closing price of $5.92. ​​​

The company's guidance on November 6 2023 for the period ended
December 31 was for Earnings before Interest and Taxes between
USD6.2 million and USD6.6 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.05        0.04       0.04      Met     -8.7
 Jun. 30 2023  0.03        0.02       0.04      Beat    63.7
 Mar. 31 2023  0.01        0.01       0.03      Beat    101.9​
 Dec. 31 2022  0.02        0.02       0.03      Beat    82.6
 ​​Sep.        0.02        0.01       0.02      Beat    57.4
 30 2022                                                
 Jun. 30 2022  0.00        0.00       0.01      Beat    1,392.
                                                        5​
 Mar. 31 2022  0.00        0.00       0.01      Beat    
 Dec. 31 2021              0.02       0.02      Met     0
 This summary was machine generated February 19 at 22:35 GMT. 
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)