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

Teads Holding

29/02/2024 14:35

* Outbrain Inc  OB.OQ  reported quarterly adjusted earnings
of 9
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of -14
cents.  The mean expectation of five analysts for the quarter
was for earnings of 8 cents per share. Wall Street expected
results to range from 7 cents to 10 cents per share.
    * Revenue fell 3.8% to $248.23 million from a year ago;
analysts
expected $251.51 million. 
    * Outbrain Inc's reported EPS for the quarter was 8 cents​.
    * The company reported quarterly net income of $4.06
million.
    * Outbrain Inc shares had fallen by 10.7% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.5%
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 "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Outbrain
Inc is
$4.85 

This summary was machine generated from LSEG data February 29 at
02:34 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
 Dec. 31 2023      0.08           0.09           Beat
 Sep. 30 2023      0.00           0.01           Beat
 Jun. 30 2023      -0.04          -0.08          Missed
 Mar. 31 2023      -0.13          -0.09          Beat