AvePoint Inc reports results for the quarter ended December 31 - Earnings Summary

• AvePoint Inc AVPT.OQ reported a quarterly adjusted loss of 4 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 6 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 3 cents to 6 cents per share.

• Revenue rose 19.5% to $89.18 million from a year ago; analysts expected $88.05 million.

• AvePoint Inc's reported EPS for the quarter was a loss of 9 cents​.

• The company reported a quarterly loss of $17.19 million.

• AvePoint Inc shares had risen by 5.6% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 6.4% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

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 $18.00

This summary was machine generated from LSEG data February 28 at 03:21 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)