Appian Corp reports results for the quarter ended September 30 - Earnings Summary

• Appian Corp reported quarterly adjusted earnings of 51 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 32 cents. The mean expectation of seven analysts for the quarter was for earnings of 33 cents per share. Wall Street expected results to range from 32 cents to 34 cents per share.

• Revenue rose 25.5% to $234.63 million from a year ago; analysts expected $215.22 million.

• Appian Corp's reported EPS for the quarter was 17 cents​.

• The company reported quarterly net income of $12.34 million.

• Appian Corp shares had risen by 41.3% this quarter and gained 40.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.1% 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 1 "strong buy" or "buy," 6 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the software peer group is "buy."

• Wall Street's median 12-month price target for Appian Corp is $40.00, about 24.5% below its last closing price of $49.82

This summary was machine generated from LSEG data November 5 at 07:13 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)