Bandwidth Inc. reports results for the quarter ended September 30 - Earnings Summary

• Bandwidth Inc. reported quarterly adjusted earnings of 50 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 36 cents. The mean expectation of seven analysts for the quarter was for earnings of 47 cents per share. Wall Street expected results to range from 46 cents to 48 cents per share.

• Revenue rose 22% to $234.02 million from a year ago; analysts expected $233.16 million.

• Bandwidth Inc.'s reported EPS for the quarter was 13 cents​.

• The company reported quarterly net income of $5.25 million.

• Bandwidth Inc. shares had fallen by 20.2% this quarter and gained 213.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.7% 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 "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the software peer group is also "buy"

• Wall Street's median 12-month price target for Bandwidth Inc. is $60.00, about 19.2% above its last closing price of $48.45

This summary was machine generated from LSEG data October 29 at 06:39 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)