Freshworks Inc reports results for the quarter ended March 31 - Earnings Summary

• Freshworks Inc FRSH.OQ reported quarterly adjusted earnings of 18 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 10 cents. The mean expectation of sixteen analysts for the quarter was for earnings of 13 cents per share. Wall Street expected results to range from 12 cents to 13 cents per share.

• Revenue rose 18.9% to $196.27 million from a year ago; analysts expected $191.89 million.

• Freshworks Inc's reported EPS for the quarter was breakeven results​.

• The company reported a quarterly loss of $1.3 million.

• Freshworks Inc shares had risen by 0.1% this quarter and lost 12.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 6% 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 11 "strong buy" or "buy," 5 "hold" and 1 "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 Freshworks Inc is $20.00

This summary was machine generated from LSEG data April 29 at 09:42 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)