Braze Inc reports results for the quarter ended January 31 - Earnings Summary

• Braze Inc BRZE.OQ reported quarterly adjusted earnings of 12 cents​​ per share for the quarter ended January 31, higher than the same quarter last year, when the company reported EPS of -4 cents. The mean expectation of twenty 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 22.5% to $160.40 million from a year ago; analysts expected $155.73 million.

• Braze Inc's reported EPS for the quarter was a loss of 17 cents​.

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

• Braze Inc shares had fallen by 10.9% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.2% 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 19 "strong buy" or "buy," 1 "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 Braze Inc is $50.00

This summary was machine generated from LSEG data March 27 at 09:01 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)