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

• Kinaxis Inc KXS.TO reported quarterly adjusted earnings of $1.00​​ per share for the quarter ended June 30, 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 74 cents per share. Wall Street expected results to range from 62 cents to 84 cents per share.

• Revenue rose 15.3% to $136.42 million from a year ago; analysts expected $133.66 million.

• Kinaxis Inc's reported EPS for the quarter was 64 cents​.

• The company reported quarterly net income of $18.44 million.

• Kinaxis Inc shares had fallen by 4.2% this quarter and gained 12.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged 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 7 "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 Kinaxis Inc is C$225.00, about 13.7% above its last closing price of C$194.10

This summary was machine generated from LSEG data August 7 at 05:57 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)