Perfect Corp reports results for the quarter ended in June - Earnings Summary

Perfect

24/07/2024 14:51

* Perfect Corp  PERF.N  reported quarterly adjusted earnings
of 1
cent​​ per share for the quarter ended in June, identical to the
same quarter last year.  The mean expectation of two analysts
for the quarter was for earnings of one cent per share. Wall
Street expected results to range from 1 cents to 2 cents per
share.
    * Revenue rose 22.6% to $13.91 million from a year ago;
analysts
expected $14.84 million. 
    * The company reported quarterly net income of $764
thousand.
    * Perfect Corp shares had risen by 8.9% this quarter and
lost 29.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 27.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "hold"

Wall Street's median 12-month price target for Perfect Corp is
$2.86 
This summary was machine generated from LSEG data July 24 at
01:51 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      0.01           0.01           Met
 Mar. 31 2024      0.02           0.01           Missed
 Dec. 31 2023      -0.01          0.03           Beat
 Sep. 30 2023      -0.01          0.02           Beat