Klaviyo Inc reports results for the quarter ended June 30 - Earnings Summary

• Klaviyo Inc KVYO.N reported quarterly adjusted earnings of 16 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 15 cents. The mean expectation of nineteen analysts for the quarter was for earnings of 13 cents per share. Wall Street expected results to range from 11 cents to 15 cents per share.

• Revenue rose 31.9% to $293.12 million from a year ago; analysts expected $278.65 million.

• Klaviyo Inc's reported EPS for the quarter was a loss of 9 cents​.

• The company reported a quarterly loss of $24.28 million.

• Klaviyo Inc shares had fallen by 9.0% this quarter and lost 25.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.1% 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 18 "strong buy" or "buy," 3 "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 Klaviyo Inc is $43.96, about 30.2% above its last closing price of $30.70

This summary was machine generated from LSEG data August 5 at 09:53 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)