Jfrog Ltd reports results for the quarter ended June 30 - Earnings Summary

• Jfrog Ltd FROG.OQ reported quarterly adjusted earnings of 18 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 eighteen analysts for the quarter was for earnings of 16 cents per share. Wall Street expected results to range from 16 cents to 17 cents per share.

• Revenue rose 23.5% to $127.22 million from a year ago; analysts expected $122.79 million.

• Jfrog Ltd's reported EPS for the quarter was a loss of 19 cents​.

• The company reported a quarterly loss of $21.68 million.

• Jfrog Ltd shares had fallen by 11.6% this quarter and gained 31.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.8% 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," 2 "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 Jfrog Ltd is $46.00, about 15.7% above its last closing price of $38.79

This summary was machine generated from LSEG data August 8 at 06:46 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)