Couchbase Inc reports results for the quarter ended April 30 - Earnings Summary

• Couchbase Inc BASE.OQ reported a quarterly adjusted loss of 6 cents​​ per share for the quarter ended April 30, higher than the same quarter last year, when the company reported EPS of -10 cents. The mean expectation of seventeen analysts for the quarter was for a loss of 8 cents per share. Wall Street expected results to range from -9 cents to -6 cents per share.

• Revenue rose 10.1% to $56.52 million from a year ago; analysts expected $55.51 million.

• Couchbase Inc's reported EPS for the quarter was a loss of 33 cents​.

• The company reported a quarterly loss of $17.68 million.

• Couchbase Inc shares had risen by 16.5% this quarter and gained 17.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.7% 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 14 "strong buy" or "buy," 2 "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 Couchbase Inc is $20.00

This summary was machine generated from LSEG data June 3 at 09:00 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)