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

Reuters2023-11-23

* Nogin Inc reported a quarterly adjusted loss of $1.28 per share for the quarter ended in September. The mean expectation of three analysts for the quarter was for a loss of 67 cents per share. Wall Street expected results to range from -77 cents to -57 cents per share.

* Revenue was $10.90 million; analysts expected $11.08 million.

* Nogin Inc's reported EPS for the quarter was a loss of $1.28.

* The company reported a quarterly loss of $14.24 million.

* Nogin Inc shares had fallen by 28.8% this quarter and lost 97.5% so far this year.

FORECAST CHANGES

* The mean earnings estimate of analysts had fallen by about 8.5% 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 1 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

* The average consensus recommendation for the software peer group is also "hold"

Wall Street's median 12-month price target for Nogin Inc is $2.00 This summary was machine generated from LSEG data November 22 at 10:55 p.m. UTC. All figures in US dollars unless otherwise stated. QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,

MISSED

Sep. 30 2023 -0.67 -1.28 Missed

Jun. 30 2023 -0.90 -1.13 Missed

Mar. 31 2023 -1.16 -2.11 Missed

Dec. 31 2022 -1.58 -1.60 Missed

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The mean expectation of three analysts for the quarter was for a loss of 67 cents per share....</p>\n\n<a href=\"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2385696394","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2385696394","pubTimestamp":1700693768,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"* Nogin Inc    reported a quarterly adjusted loss of $1.28 per share for the quarter ended in September.  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