For the quarter ended March 2024, Olo Inc. (OLO) reported income of $66.51 million, up 27.3% over the identical interval final yr. EPS got here in at $0.05, in comparison with $0.03 within the year-ago quarter.
The reported income represents a shock of +3.46% over the Zacks Consensus Estimate of $64.29 million. With the consensus EPS estimate being $0.05, the corporate has not delivered EPS shock.
Whereas buyers scrutinize income and earnings modifications year-over-year and the way they examine with Wall Road expectations to find out their subsequent transfer, some key metrics at all times supply a extra correct image of an organization’s monetary well being.
As these metrics affect top- and bottom-line efficiency, evaluating them to the year-ago numbers and what analysts estimated helps buyers mission a inventory’s value efficiency extra precisely.
Right here is how Olo carried out within the simply reported quarter when it comes to the metrics most generally monitored and projected by Wall Road analysts:
- ARPU: $816 versus the two-analyst common estimate of $786.10.
- Ending Energetic Areas: 81,000 versus the two-analyst common estimate of 81,100.
- Income- Platform: $65.77 million versus the three-analyst common estimate of $63.29 million. The reported quantity represents a year-over-year change of +28%.
- Income- Skilled providers and different: $0.75 million versus the three-analyst common estimate of $1 million. The reported quantity represents a year-over-year change of -14.2%.
- Gross profit- Companies- Non-GAAP: -$0.10 million versus the three-analyst common estimate of -$0.05 million.
- Gross profit- Platform- Non-GAAP: $41.64 million in comparison with the $40.63 million common estimate primarily based on three analysts.
View all Key Company Metrics for Olo here>>>
Shares of Olo have returned -6.5% over the previous month versus the Zacks S&P 500 composite’s -0.4% change. The inventory at the moment has a Zacks Rank #3 (Maintain), indicating that it might carry out according to the broader market within the close to time period.
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
