Olo Inc reports results for the quarter ended in January - Earnings Summary

Olo

31/07/2024 22:02

* Olo Inc  OLO.N  reported quarterly adjusted earnings of 5
cents​​ per share for the quarter ended in January, higher than
the same quarter last year, when the company reported EPS of 4
cents.  The mean expectation of seven analysts for the quarter
was for earnings of 5 cents per share. Wall Street expected
results to range from 4 cents to 6 cents per share.
    * Revenue rose 27.6% to $70.50 million from a year ago;
analysts
expected $67.75 million. 
    * Olo Inc's reported EPS for the quarter was 3 cents​.
    * The company reported quarterly net income of $5.73
million.
    * Olo Inc shares had risen by 9.5% this quarter and
lost 15.4% so
far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Olo Inc is $8.00 
This summary was machine generated from LSEG data July 31 at
09:01 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      0.05           0.05           Met
 Mar. 31 2024      0.05           0.05           Met
 Dec. 31 2023      0.05           0.05           Met
 Sep. 30 2023      0.04           0.04           Met