OLO (OLO) to Release Earnings on Tuesday

OLO (NYSE:OLO) will post its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect OLO to post earnings of $0.05 per share for the quarter. OLO has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

OLO (NYSE:OLO) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. The company had revenue of $63.00 million during the quarter, compared to analysts’ expectations of $58.91 million. OLO had a negative return on equity of 2.96% and a negative net margin of 25.53%. The business’s quarterly revenue was up 26.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.03) earnings per share. On average, analysts expect OLO to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

OLO Stock Down 0.8 %

OLO stock opened at $4.79 on Monday. The stock’s 50 day moving average is $5.27 and its 200 day moving average is $5.36. OLO has a one year low of $4.25 and a one year high of $8.84.

Wall Street Analyst Weigh In

Separately, Piper Sandler upped their price objective on shares of OLO from $7.00 to $8.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $9.10.

About OLO

Olo Inc operates an open SaaS platform for restaurants in the United States. The company's platform enables on-demand digital commerce operations, which cover digital ordering, delivery, front-of-house management, and payments. Its solutions include Order, a suite of solutions powering restaurant brands' on-demand commerce operations, enabling digital ordering, delivery, and channel management through ordering, dispatch, rails, switchboard, network, virtual brands, kiosk, catering, and sync modules; Engage, a suite of restaurant-centric marketing solutions optimizing guest lifetime value by strengthening and enhancing the restaurants' direct guest relationships, through the guest data platform, marketing, sentiment, and host modules; and Pay, a frictionless payment platform that enables restaurants to grow and protect their digital business through customer payment experience that offers advanced fraud prevention to improve authorization rates for valid transactions, and increase basket conversion through its Olo Pay module.