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

PubMatic

09/08/2024 02:07

* PubMatic Inc  PUBM.OQ  reported quarterly adjusted
earnings of 4
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of -11
cents.  The mean expectation of ten analysts for the quarter was
for a loss of 2 cents per share. Wall Street expected results to
range from -5 cents to 2 cents per share.
    * Revenue rose 6.2% to $67.27 million from a year ago;
analysts
expected $70.12 million. 
    * PubMatic Inc's reported EPS for the quarter was 4 cents​.
    * The company reported quarterly net income of $1.97
million.
    * PubMatic Inc shares had fallen by 6.6% this quarter and
gained 16.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 4.9%
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 7 "strong buy" or "buy," 4
"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 PubMatic Inc is
$28.00 
This summary was machine generated from LSEG data August 9 at
01:06 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
 Jun. 30 2024      -0.02          0.04           Beat
 Mar. 31 2024      -0.11          -0.05          Beat
 Dec. 31 2023      0.20           0.34           Beat
 Sep. 30 2023      -0.05          0.03           Beat