OLO (OLO) Scheduled to Post Quarterly Earnings on Tuesday

OLO (NYSE:OLO) is set to release its earnings data 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.Individual interested in listening to the company’s earnings conference call can do so using this link.

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

OLO Stock Performance

Shares of OLO opened at $4.79 on Monday. The company’s fifty day moving average is $5.27 and its 200 day moving average is $5.36. OLO has a fifty-two week low of $4.25 and a fifty-two week high of $8.84.

Wall Street Analyst Weigh In

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