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

Teads Holding

07/11/2024 14:43

* Outbrain Inc  OB.OQ  reported quarterly adjusted earnings
of 11
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 1 cents.  The mean expectation of four analysts for the
quarter was for earnings of 3 cents per share. Wall Street
expected results to range from zero cents to 5 cents per share.
    * Revenue fell 2.5% to $224.18 million from a year ago;
analysts
expected $228.37 million. 
    * Outbrain Inc's reported EPS for the quarter was 1 cent​.
    * The company reported quarterly net income of $6.7 million.
    * Outbrain Inc shares had fallen by 2.1% this quarter and
gained 8.7% 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 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 November 7 at
02:43 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      0.03           0.11           Beat
 Jun. 30 2024      -0.06          -0.04          Beat
 Mar. 31 2024      -0.13          -0.10          Beat
 Dec. 31 2023      0.08           0.09           Beat