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

• PubMatic Inc PUBM.OQ reported a quarterly adjusted loss of 11 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 4 cents. The mean expectation of nine analysts for the quarter was for a loss of 16 cents per share. Wall Street expected results to range from -20 cents to -6 cents per share.

• Revenue rose 5.7% to $71.10 million from a year ago; analysts expected $67.85 million.

• PubMatic Inc's reported EPS for the quarter was a loss of 11 cents​.

• The company reported a quarterly loss of $5.21 million.

• PubMatic Inc shares had fallen by 12.1% this quarter and lost 25.6% 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 6 "strong buy" or "buy," 5 "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 PubMatic Inc is $15.50, about 29.5% above its last closing price of $10.93

This summary was machine generated from LSEG data August 11 at 09:01 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)