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

• Braze Inc BRZE.OQ reported quarterly adjusted earnings of 7 cents​​ per share for the quarter ended April 30, higher than the same quarter last year, when the company reported EPS of -5 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 3 cents to 5 cents per share.

• Revenue rose 19.6% to $162.06 million from a year ago; analysts expected $158.66 million.

• Braze Inc's reported EPS for the quarter was a loss of 34 cents​.

• The company reported a quarterly loss of $35.79 million.

• Braze Inc shares had risen by 1.5% this quarter and lost 12.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 29.2% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

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 June 5 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)