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

• Viant Technology Inc DSP.OQ reported quarterly adjusted earnings of 2 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported breakeven earnings per share. The mean expectation of eight analysts for the quarter was for earnings of one cent per share. Wall Street expected results to range from -2 cents to 4 cents per share.

• Revenue rose 18.2% to $77.85 million from a year ago; analysts expected $78.01 million.

• Viant Technology Inc's reported EPS for the quarter was 2 cents​.

• The company reported quarterly net income of $290 thousand.

• Viant Technology Inc shares had fallen by 5.7% this quarter and lost 34.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 14.3% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," no "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 Viant Technology Inc is $22.00, about 43.3% above its last closing price of $12.47

This summary was machine generated from LSEG data August 11 at 09:02 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)