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

Olo

30/07/2024 24:56

* Olo Inc  OLO.N   OLO  is expected to show a rise in
quarterly
revenue when it reports  results on July 31 for the period
ending June 30 2024
    * The New York City-based  company is expected to report a
22.6% increase in revenue to $67.748 million from $55.25 million
a year ago, according to the mean estimate from 7 analysts,
based on LSEG data.The company's guidance on May 7 2024, for the
period ended June 30, was for revenue between $67.50 million and
$68.00 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
$8.00​, above​ its last closing price of $4.66. ​​​

The company's guidance on May 7 2024 for the period ended June
30 was for Earnings before Interest and Taxes between USD5.5
million and USD5.9 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  
 Mar. 31 2024  0.05        0.05       0.05      Met     11.1
 Dec. 31 2024  0.04        0.05       0.05      Met     7.1
 Sep. 30 2023  0.05        0.04       0.04      Met     -8.7​
 Dec. 31 2022  0.03        0.02       0.04      Beat    63.7
 ​​Mar.        0.01        0.01       0.03      Beat    101.9
 31 2023                                                
 Dec. 31 2022  0.02        0.02       0.03      Beat    82.6​
 Sep. 30 2022  0.02        0.01       0.02      Beat    57.4
 Jun. 30 2022  0.00        0.00       0.01      Beat    1,392.
                                                        5
 This summary was machine generated July 29 at 23:56 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)