Zacks: Brokerages Anticipate Docebo Inc. (NASDAQ:DCBO) to Announce -$0.06 Earnings Per Share

Equities analysts predict that Docebo Inc. (NASDAQ:DCBOGet Rating) will announce earnings per share of ($0.06) for the current quarter, according to Zacks. Four analysts have issued estimates for Docebo’s earnings. Docebo reported earnings of ($0.17) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 64.7%. The firm is expected to report its next earnings results on Monday, January 1st.

On average, analysts expect that Docebo will report full-year earnings of ($0.21) per share for the current fiscal year, with EPS estimates ranging from ($0.52) to ($0.04). For the next fiscal year, analysts expect that the firm will report earnings of $0.21 per share, with EPS estimates ranging from ($0.28) to $0.48. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Docebo.

Docebo (NASDAQ:DCBOGet Rating) last issued its earnings results on Thursday, March 10th. The company reported ($0.04) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.02. The company had revenue of $29.80 million during the quarter, compared to analyst estimates of $29.46 million. During the same period in the prior year, the business earned ($0.12) earnings per share. Docebo’s quarterly revenue was up 58.5% on a year-over-year basis.

A number of brokerages recently weighed in on DCBO. Canaccord Genuity Group cut their price objective on Docebo from $80.00 to $65.00 in a research note on Friday, March 11th. CIBC cut their price objective on Docebo from C$125.00 to C$102.00 in a research report on Monday, January 10th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $90.11.

Several institutional investors have recently made changes to their positions in DCBO. FIL Ltd grew its stake in shares of Docebo by 44.5% during the third quarter. FIL Ltd now owns 2,051,727 shares of the company’s stock worth $149,822,000 after purchasing an additional 631,453 shares during the period. Akkr Management Company LLC acquired a new stake in shares of Docebo during the fourth quarter worth $12,884,000. BlackRock Inc. acquired a new stake in shares of Docebo during the third quarter worth $7,863,000. Goldman Sachs Group Inc. grew its stake in shares of Docebo by 1,607.7% during the third quarter. Goldman Sachs Group Inc. now owns 105,418 shares of the company’s stock worth $7,673,000 after purchasing an additional 99,245 shares during the period. Finally, Cat Rock Capital Management LP grew its stake in Docebo by 2.8% in the fourth quarter. Cat Rock Capital Management LP now owns 3,283,419 shares of the company’s stock valued at $220,453,000 after acquiring an additional 90,900 shares during the period. 76.84% of the stock is owned by institutional investors and hedge funds.

NASDAQ:DCBO opened at $48.89 on Thursday. Docebo has a 1-year low of $38.31 and a 1-year high of $92.75. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of -119.24 and a beta of 2.27. The stock has a fifty day simple moving average of $49.21 and a 200 day simple moving average of $60.85.

Docebo Company Profile (Get Rating)

Docebo Inc provides a cloud-based learning management system to train internal and external workforces, partners, and customers in North America, Europe, and the Asia-Pacific region. Its platform helps customers to centralize learning materials from peer enterprises and learners into one learning management system (LMS) to expedite and enrich the learning process, increase productivity, and grow teams uniformly.

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