Docebo Inc. (NASDAQ:DCBO) Forecasted to Post Q1 2023 Earnings of $0.05 Per Share

Docebo Inc. (NASDAQ:DCBOGet Rating) – Equities researchers at Atb Cap Markets issued their Q1 2023 earnings estimates for Docebo in a report released on Sunday, January 22nd. Atb Cap Markets analyst M. Toner expects that the company will earn $0.05 per share for the quarter. The consensus estimate for Docebo’s current full-year earnings is ($0.05) per share.

Separately, Morgan Stanley dropped their price objective on shares of Docebo from $40.00 to $36.00 and set an “equal weight” rating for the company in a report on Friday, November 11th.

Docebo Trading Down 0.3 %

Shares of DCBO opened at $35.73 on Tuesday. The company has a current ratio of 3.36, a quick ratio of 3.36 and a debt-to-equity ratio of 0.01. Docebo has a 12-month low of $23.40 and a 12-month high of $57.99. The firm has a 50-day moving average price of $32.64 and a 200 day moving average price of $30.70. The firm has a market capitalization of $1.18 billion, a P/E ratio of 325.73 and a beta of 1.49.

Docebo (NASDAQ:DCBOGet Rating) last released its earnings results on Thursday, November 10th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.09. Docebo had a net margin of 2.98% and a negative return on equity of 4.19%. The business had revenue of $36.97 million during the quarter, compared to analyst estimates of $36.21 million.

Institutional Investors Weigh In On Docebo

A number of hedge funds have recently modified their holdings of the company. Shell Asset Management Co. lifted its position in Docebo by 21.0% in the second quarter. Shell Asset Management Co. now owns 1,987 shares of the company’s stock valued at $57,000 after buying an additional 345 shares during the last quarter. National Bank of Canada FI lifted its position in Docebo by 8.4% in the third quarter. National Bank of Canada FI now owns 47,853 shares of the company’s stock valued at $1,284,000 after buying an additional 3,717 shares during the last quarter. Baillie Gifford & Co. lifted its position in Docebo by 1.5% in the third quarter. Baillie Gifford & Co. now owns 163,648 shares of the company’s stock valued at $4,442,000 after buying an additional 2,340 shares during the last quarter. Trexquant Investment LP acquired a new position in Docebo in the second quarter valued at about $394,000. Finally, Prelude Capital Management LLC acquired a new position in Docebo in the second quarter valued at about $336,000. Hedge funds and other institutional investors own 39.10% of the company’s stock.

Docebo Company Profile

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Docebo Inc provides a cloud-based learning management system to train internal and external workforces, partners, and customers in North America, Europe, and the Asia-Pacific region. Its platform helps customers to centralize learning materials from peer enterprises and learners into one learning management system (LMS) to expedite and enrich the learning process, increase productivity, and grow teams uniformly.

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