Couchbase Inc reports results for the quarter ended July 31 - Earnings Summary

• Couchbase Inc BASE reported a quarterly adjusted loss of 2 cents​​ per share for the quarter ended July 31, higher than the same quarter last year, when the company reported EPS of -6 cents. The mean expectation of fifteen analysts for the quarter was for a loss of 7 cents per share. Wall Street expected results to range from -9 cents to -5 cents per share.

• Revenue rose 11.6% to $57.57 million from a year ago; analysts expected $54.86 million.

• Couchbase Inc's reported EPS for the quarter was a loss of 43 cents​.

• The company reported a quarterly loss of $23.79 million.

• Couchbase Inc shares had risen by 0.0% this quarter and gained 56.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 5% 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 "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 9 "hold" and no "sell" or "strong sell." The average consensus recommendation for the software peer group is "buy."

• Wall Street's median 12-month price target for Couchbase Inc is $24.50, about 0.4% above its last closing price of $24.39

This summary was machine generated from LSEG data September 3 at 09:23 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)