Viant Technology Inc reports results for the quarter ended in March - Earnings Summary

Viant Technology

01/05/2024 11:01

* Viant Technology Inc  DSP.OQ  reported a quarterly
adjusted loss
of 6 cents​​ per share for the quarter ended in March, higher
than the same quarter last year, when the company reported EPS
of -17 cents.  The mean expectation of six analysts for the
quarter was for a loss of 7 cents per share. Wall Street
expected results to range from -12 cents to -1 cents per share.
    * Revenue rose 28% to $53.39 million from a year ago;
analysts
expected $50.83 million. 
    * Viant Technology Inc's reported EPS for the quarter was a
loss
of 6 cents​.
    * The company reported a quarterly loss of $947 thousand.
    * Viant Technology Inc shares had fallen by 17.5% this
quarter and
gained 27.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 47.2%
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 5 "strong buy" or "buy," 1
"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 Viant Technology
Inc is $12.00 
This summary was machine generated from LSEG data May 1 at 10:01
a.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
 Mar. 31 2024      -0.07          -0.06          Beat
 Dec. 31 2023      -0.03          0.04           Beat
 Sep. 30 2023      -0.06          -0.03          Beat
 Jun. 30 2023      -0.11          -0.07          Beat