Olo Inc reports results for the quarter ended in September 30 - Earnings Summary

• Olo Inc OLO.N reported quarterly adjusted earnings of 6 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 4 cents. The mean expectation of seven analysts for the quarter was for earnings of 5 cents per share. Wall Street expected results to range from 5 cents to 6 cents per share.

• Revenue rose 24.3% to $71.85 million from a year ago; analysts expected $70.94 million.

• Olo Inc's reported EPS for the quarter was a loss of 2 cents​.

• The company reported a quarterly loss of $3.64 million.

• Olo Inc shares had risen by 12.1% this quarter and lost 2.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged 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 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 Olo Inc is 8.50

This summary was machine generated from LSEG data November 8 at 04:36 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)