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

• Kinaxis Inc KXS.TO reported quarterly adjusted earnings of 88 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 58 cents. The mean expectation of six analysts for the quarter was for earnings of 78 cents per share. Wall Street expected results to range from 64 cents to 96 cents per share.

• Revenue rose 11.2% to $132.79 million from a year ago; analysts expected $132.54 million.

• Kinaxis Inc's reported EPS for the quarter was 55 cents​.

• The company reported quarterly net income of $15.91 million.

• Kinaxis Inc shares had risen by 18.5% this quarter and gained 8.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.9% 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 8 "strong buy" or "buy," 2 "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 Kinaxis Inc is C$200.00

This summary was machine generated from LSEG data May 8 at 12:04 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)