* AvePoint Inc 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 3 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 4 cents to 6 cents per share.
* Revenue rose 22.1% to $88.80 million from a year ago; analysts expected $83.39 million.
* AvePoint Inc's reported EPS for the quarter was 1 cent.
* The company reported quarterly net income of $2.62 million.
* AvePoint Inc shares had risen by 14.5% this quarter and gained 64.2% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 1.4% 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 5 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the it services & consulting peer group is also "buy"
Wall Street's median 12-month price target for AvePoint Inc is $16.00 This summary was machine generated from LSEG data November 9 at 12:28 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
Sep. 30 2024 0.05 0.06 Beat
Jun. 30 2024 0.02 -0.01 Missed
Mar. 31 2024 0.01 0.04 Beat
Dec. 31 2023 0.04 0.06 Beat
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