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

• Bandwidth Inc BAND reported quarterly adjusted earnings of 38 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 29 cents. The mean expectation of six analysts for the quarter was for earnings of 33 cents per share. Wall Street expected results to range from 29 cents to 39 cents per share.

• Revenue rose 3.7% to $180.01 million from a year ago; analysts expected $178.76 million.

• Bandwidth Inc's reported EPS for the quarter was a loss of 16 cents​.

• The company reported a quarterly loss of $4.93 million.

• Bandwidth Inc shares had risen by 1.9% this quarter and lost 4.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 4.2% 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 3 "strong buy" or "buy," 2 "hold" and 1 "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 Bandwidth Inc is $15.00, about 8.1% below its last closing price of $16.21

This summary was machine generated from LSEG data July 29 at 01:31 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)