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

Olo

08/11/2024 04:36

* Olo Inc  OLO.N  reported quarterly adjusted earnings of 6
cents​​ per share for the quarter ended September 30, 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 5 cents to 6 cents per share.
    * Revenue rose 24.3% to $71.85 million from a year ago;
analysts
expected $70.94 million. 
    * Olo Inc's reported EPS for the quarter was a loss of 2
cents​.
    * The company reported a quarterly loss of $3.64 million.
    * Olo Inc shares had risen by 12.1% this quarter and
lost 2.8% so
far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 8.50 
This summary was machine generated from LSEG data November 8 at
04:36 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      0.05           0.06           Beat
 Jun. 30 2024      0.05           0.05           Met
 Mar. 31 2024      0.05           0.05           Met
 Dec. 31 2023      0.05           0.05           Met