Grid Dynamics (NASDAQ:GDYN – Get Free Report) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.08 per share for the quarter. Grid Dynamics has set its Q1 2024 guidance at EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.
Grid Dynamics (NASDAQ:GDYN – Get Free Report) last posted its earnings results on Thursday, February 22nd. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The business had revenue of $78.07 million during the quarter, compared to analyst estimates of $76.64 million. Grid Dynamics had a negative net margin of 0.56% and a positive return on equity of 6.77%. Grid Dynamics’s revenue was down 3.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.14 earnings per share. On average, analysts expect Grid Dynamics to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Grid Dynamics Stock Down 1.7 %
NASDAQ GDYN opened at $10.24 on Thursday. The stock has a market capitalization of $777.93 million, a PE ratio of -341.22 and a beta of 0.94. The company has a 50 day moving average price of $12.30 and a two-hundred day moving average price of $12.46. Grid Dynamics has a 12-month low of $8.00 and a 12-month high of $14.70.
Insider Transactions at Grid Dynamics
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the stock. Cantor Fitzgerald boosted their price objective on shares of Grid Dynamics from $14.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 13th. Citigroup reduced their price objective on shares of Grid Dynamics from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Monday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Grid Dynamics from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, February 23rd. Four analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $15.75.
View Our Latest Analysis on GDYN
Grid Dynamics Company Profile
Grid Dynamics Holdings, Inc, together with its subsidiaries, provides technology consulting, platform and product engineering, and analytics services in North America, Europe, and internationally. It offers cloud platform and product engineering services, such as architecting, designing, and building scalable and secure cloud-based platforms and business applications; and AI/machine learning and data platform engineering services that build platforms to facilitate batch and streaming data ingestion, quality governance, orchestration, semantic modeling, observability, and analysis at scale.
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