OLO (OLO) Set to Announce Earnings on Tuesday

OLO (NYSE:OLO) will announce its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.05 per share for the quarter. OLO has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

OLO (NYSE:OLO) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. The company had revenue of $63.00 million for the quarter, compared to analysts’ expectations of $58.91 million. OLO had a negative return on equity of 2.96% and a negative net margin of 25.53%. OLO’s revenue was up 26.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.03) earnings per share. On average, analysts expect OLO to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

OLO Stock Down 0.8 %

Shares of NYSE OLO opened at $4.79 on Friday. OLO has a twelve month low of $4.25 and a twelve month high of $8.84. The firm has a market cap of $775.50 million, a PE ratio of -13.31 and a beta of 1.29. The business has a fifty day simple moving average of $5.27 and a two-hundred day simple moving average of $5.36.

Analysts Set New Price Targets

Separately, Piper Sandler upped their price objective on shares of OLO from $7.00 to $8.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $9.10.

OLO Company Profile

Olo Inc operates an open SaaS platform for restaurants in the United States. The company's platform enables on-demand digital commerce operations, which cover digital ordering, delivery, front-of-house management, and payments. Its solutions include Order, a suite of solutions powering restaurant brands' on-demand commerce operations, enabling digital ordering, delivery, and channel management through ordering, dispatch, rails, switchboard, network, virtual brands, kiosk, catering, and sync modules; Engage, a suite of restaurant-centric marketing solutions optimizing guest lifetime value by strengthening and enhancing the restaurants' direct guest relationships, through the guest data platform, marketing, sentiment, and host modules; and Pay, a frictionless payment platform that enables restaurants to grow and protect their digital business through customer payment experience that offers advanced fraud prevention to improve authorization rates for valid transactions, and increase basket conversion through its Olo Pay module.