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

Teads Holding

08/08/2024 14:31

* Outbrain Inc  OB.OQ  reported a quarterly adjusted loss
of 4
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of -8
cents.  The mean expectation of four analysts for the quarter
was for a loss of 6 cents per share. Wall Street expected
results to range from -13 cents to -1 cents per share.
    * Revenue fell 5.2% to $214.15 million from a year ago;
analysts
expected $228.70 million. 
    * Outbrain Inc's reported EPS for the quarter was a loss
of 4
cents​.
    * The company reported a quarterly loss of $2.2 million.
    * Outbrain Inc shares had fallen by 2.8% this quarter and
gained 10.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 16.4%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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
$5.75 
This summary was machine generated from LSEG data August 8 at
01:31 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      -0.06          -0.04          Beat
 Mar. 31 2024      -0.13          -0.10          Beat
 Dec. 31 2023      0.08           0.09           Beat
 Sep. 30 2023      0.00           0.01           Beat