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

Olo

01/08/2023 23:05

* Olo Inc  OLO.N  reported quarterly adjusted earnings of 4
cents​​ per share for the quarter ended in June. The mean
expectation of eight analysts for the quarter was for earnings
of 2 cents per share.
    * Revenue rose 21.2% to $55.25 million from a year ago;
analysts
expected $53.15 million. 
    * Olo Inc's reported EPS for the quarter was a loss of 11
cents​.
    * The mean earnings estimate of analysts had risen by
about 10.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Olo Inc shares had risen by 21.7% this quarter and
gained 25.8%
so far this year.
    * The company reported a quarterly loss of $17.08 million.
    * Wall Street's median 12-month price target for Olo Inc is
$9.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 1 at 10:05 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.02           0.04           Beat
 Mar. 31 2023      0.01           0.03           Beat
 Dec. 31 2022      0.02           0.03           Beat
 Sep. 30 2022      0.01           0.02           Beat