Olo: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Olo (NYSE:OLO) reported its Q4 earnings with an EPS of $0.05, meeting the estimate. Revenue increased by $13.22 million from the previous year. Despite meeting EPS estimates this quarter, a miss in the last quarter led to a 25.64% share price drop the following day. Olo's revenue has consistently exceeded estimates over the past four quarters.
February 21, 2024 | 9:25 pm
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Olo reported Q4 earnings with an EPS of $0.05, in line with estimates, and a significant year-over-year revenue increase. Previous earnings miss had led to a substantial price drop.
Meeting the EPS estimate and showing a significant increase in revenue year-over-year could positively influence investor sentiment, especially considering the company's recovery from a previous earnings miss that led to a sharp price drop. The consistent overperformance in revenue over the past quarters further strengthens the case for a positive short-term impact on OLO's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100