Appian Corp reports results for the quarter ended June 30 - Earnings Summary

• Appian Corp APPN.OQ reported quarterly breakeven results​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -26 cents. The mean expectation of seven analysts for the quarter was for a loss of 13 cents per share. Wall Street expected results to range from -14 cents to -11 cents per share.

• Revenue rose 16.5% to $170.64 million from a year ago; analysts expected $160.05 million.

• Appian Corp's reported EPS for the quarter was breakeven results​.

• The company reported a quarterly loss of $312 thousand.

• Appian Corp shares had fallen by 9.7% this quarter and lost 18.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.2% 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 "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 6 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the software peer group is "buy."

• Wall Street's median 12-month price target for Appian Corp is $35.00, about 23% above its last closing price of $26.95

This summary was machine generated from LSEG data August 7 at 04:58 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)