* Atlassian Corp reported quarterly adjusted earnings of 89 cents per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of 54 cents. The mean expectation of twenty four analysts for the quarter was for earnings of 62 cents per share. Wall Street expected results to range from 56 cents to 77 cents per share.
* Revenue rose 29.9% to $1.19 billion from a year ago; analysts expected $1.10 billion.
* Atlassian Corp's reported EPS for the quarter was 5 cents.
* The company reported quarterly net income of $12.75 million.
* Atlassian Corp shares had risen by 2.0% this quarter and lost 16.3% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 6.5% 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 "buy" and the breakdown of recommendations is 18 "strong buy" or "buy," 12 "hold" and no "sell" or "strong sell."
* Wall Street's median 12-month price target for Atlassian Corp is $251.50
This summary was machine generated from LSEG data April 25 at 11:21 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
Mar. 31 2024 0.62 0.89 Beat
Dec. 31 2023 0.62 0.73 Beat
Sep. 30 2023 0.54 0.65 Beat
Jun. 30 2023 0.45 0.57 Beat
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