Yahoo Finance Grid Dynamics Holdings First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
Grid Dynamics Holdings (NASDAQ:GDYN) First Quarter 2024 Results
Key Financial Results
Revenue: US$79.8m (flat on 1Q 2023).
Net loss: US$3.95m (loss narrowed by 51% from 1Q 2023).
US$0.052 loss per share (improved from US$0.11 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Grid Dynamics Holdings Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates by 176%.
Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the IT industry in the US.
Performance of the American IT industry.
The company's shares are up 1.4% from a week ago.
Risk Analysis
We should say that we've discovered 1 warning sign for Grid Dynamics Holdings that you should be aware of before investing here.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
