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Outbrain Inc reports results for the quarter ended December 31 - Earnings Summary

Outbrain Inc OB.OQ reported quarterly adjusted earnings of 7 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 9 cents.  The mean expectation of four analysts for the quarter was for earnings of 8 cents per share. Wall Street expected results to range from zero cents to 11 cents per share.

Revenue fell 5.5% to $234.59 million from a year ago; analysts expected $249.03 million.

Outbrain Inc's reported EPS for the quarter was breakeven results​.

The company reported a quarterly loss of $167 thousand.

Outbrain Inc shares had fallen by 24.2% this quarter.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 25% 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 "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

The average consensus recommendation for the online services peer group is  "hold."

Wall Street's median 12-month price target for Outbrain Inc is $8.40

This summary was machine generated from LSEG data February 27 at 03:15 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 ENDINGESTIMATEACTUALBEAT, MET, MISSED
Dec. 31 20240.080.07Missed
Sep. 30 20240.030.11Beat
Jun. 30 2024-0.06-0.04Beat
Mar. 31 2024-0.13-0.10Beat

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