* Bandwidth Inc reported quarterly adjusted earnings of 43 cents per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 23 cents. The mean expectation of eight analysts for the quarter was for earnings of 32 cents per share. Wall Street expected results to range from 23 cents to 39 cents per share.
* Revenue rose 27.5% to $193.88 million from a year ago; analysts expected $181.99 million.
* Bandwidth Inc's reported EPS for the quarter was 1 cent.
* The company reported quarterly net income of $413 thousand.
* Bandwidth Inc shares had risen by 7.6% this quarter and gained 30.2% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 5.2% 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 4 "strong buy" or "buy," 3 "hold" and 1 "sell" or "strong sell."
* The average consensus recommendation for the software peer group is "hold."
Wall Street's median 12-month price target for Bandwidth Inc is 23.50 This summary was machine generated from LSEG data November 1 at 03:49 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
Sep. 30 2024 0.32 0.43 Beat
Jun. 30 2024 0.24
Mar. 31 2024 0.20
Dec. 31 2023 0.23 0.38 Beat
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