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

PubMatic

13/11/2024 14:23

* PubMatic Inc  PUBM.OQ  reported a quarterly adjusted loss
of 2
cents​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of 3
cents.  The mean expectation of ten analysts for the quarter was
for a loss of 6 cents per share. Wall Street expected results to
range from -11 cents to -2 cents per share.
    * Revenue rose 12.7% to $71.79 million from a year ago;
analysts
expected $66.04 million. 
    * PubMatic Inc's reported EPS for the quarter was a loss
of 2
cents​.
    * The company reported a quarterly loss of $912 thousand.
    * PubMatic Inc shares had risen by 10.5% this quarter and
gained 0.7% 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 6 "strong buy" or "buy," 5
"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
20.50 
This summary was machine generated from LSEG data November 13 at
02:23 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
 Sep. 30 2024      -0.06          -0.02          Beat
 Jun. 30 2024      -0.02          0.04           Beat
 Mar. 31 2024      -0.11          -0.05          Beat
 Dec. 31 2023      0.20           0.34           Beat