AvePoint Inc reports results for the quarter ended September 30 - Earnings Summary

• AvePoint Inc AVPT reported quarterly adjusted earnings of 6 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 3 cents. The mean expectation of seven analysts for the quarter was for earnings of 5 cents per share. Wall Street expected results to range from 4 cents to 6 cents per share.

• Revenue rose 22.1% to $88.80 million from a year ago; analysts expected $83.39 million.

• AvePoint Inc's reported EPS for the quarter was 1 cent​.

• The company reported quarterly net income of $2.62 million.

• AvePoint Inc shares had risen by 14.5% this quarter and gained 64.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.4% 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 5 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the it services & consulting peer group is also "buy"

Wall Street's median 12-month price target for AvePoint Inc is $16.00

This summary was machine generated from LSEG data November 9 at 12:28 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)