* Digimarc Corp reported a quarterly adjusted loss of 43 cents per share for the quarter ended in June, lower than the same quarter last year, when the company reported EPS of -29 cents. The mean expectation of two analysts for the quarter was for a loss of 27 cents per share. Wall Street expected results to range from -27 cents to -26 cents per share.
* Revenue rose 18.9% to $10.38 million from a year ago; analysts expected $10.10 million.
* Digimarc Corp's reported EPS for the quarter was a loss of 43 cents.
* The company reported a quarterly loss of $9.27 million.
* Digimarc Corp shares had fallen by 8.5% this quarter and lost 21.5% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 1.9% 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 1 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the software peer group is "hold."
Wall Street's median 12-month price target for Digimarc Corp is $34.00 This summary was machine generated from LSEG data August 13 at 09:21 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
Jun. 30 2024 -0.43
Mar. 31 2024 -0.31 -0.27 Beat
Dec. 31 2023 -0.32 -0.28 Beat
Sep. 30 2023 -0.34 -0.29 Beat
Comments