Overview
Software tech firm's Q4 revenue slightly missed analyst expectations
Adjusted EPS for Q4 beat analyst expectations
Company highlights strategic acquisition of ESI to accelerate growth
Outlook
Crexendo did not provide specific future revenue or EPS guidance in press release
Result Drivers
SOFTWARE SOLUTIONS GROWTH - Software solutions revenue increased 18% in Q4
PRODUCT REVENUE DECLINE - Product revenue decreased 6% in Q4
Company press release: ID:nACSdVr4Ha
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Slight Miss* | $18.10 mln | $18.13 mln (6 Analysts) |
Q4 Adjusted EPS | Beat | $0.09 | $0.08 (6 Analysts) |
Q4 Adjusted Net Income | Beat | $2.80 mln | $2.31 mln (5 Analysts) |
Q4 Net Income | $1.20 mln | ||
Q4 Adjusted EBITDA | Beat | $2.80 mln | $2.52 mln (6 Analysts) |
Q4 EBITDA | $2 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the it services & consulting peer group is "buy"
Wall Street's median 12-month price target for Crexendo Inc is $9.00, about 40.4% above its March 2 closing price of $6.41
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 20 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)