Analysts Anticipate Docebo Inc. (NASDAQ:DCBO) to Post -$0.04 EPS

Equities research analysts forecast that Docebo Inc. (NASDAQ:DCBOGet Rating) will post ($0.04) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Docebo’s earnings, with the highest EPS estimate coming in at ($0.02) and the lowest estimate coming in at ($0.06). Docebo posted earnings per share of ($0.17) in the same quarter last year, which would suggest a positive year over year growth rate of 76.5%. The company is expected to announce its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Docebo will report full-year earnings of ($0.17) per share for the current year, with EPS estimates ranging from ($0.52) to ($0.03). For the next year, analysts anticipate that the firm will report earnings of $0.19 per share, with EPS estimates ranging from ($0.28) to $0.48. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Docebo.

Docebo (NASDAQ:DCBOGet Rating) last posted its earnings results on Thursday, March 10th. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. The business had revenue of $29.80 million during the quarter, compared to analysts’ expectations of $29.46 million. During the same quarter in the prior year, the firm earned ($0.12) EPS. Docebo’s revenue for the quarter was up 58.5% compared to the same quarter last year.

A number of equities research analysts have recently weighed in on the company. Canaccord Genuity Group dropped their price objective on Docebo from $80.00 to $65.00 in a research note on Friday, March 11th. Morgan Stanley assumed coverage on Docebo in a research note on Tuesday, April 26th. They issued an “equal weight” rating and a $54.00 price objective for the company. Finally, CIBC dropped their price objective on Docebo from C$125.00 to C$102.00 in a research note on Monday, January 10th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Docebo currently has an average rating of “Buy” and an average price target of $86.50.

NASDAQ:DCBO traded down $5.12 on Thursday, reaching $42.11. The company’s stock had a trading volume of 3,324 shares, compared to its average volume of 42,694. Docebo has a 12-month low of $38.31 and a 12-month high of $92.75. The stock has a 50 day moving average price of $47.47 and a 200 day moving average price of $58.54. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of -103.68 and a beta of 2.06.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DCBO. Morgan Stanley grew its stake in Docebo by 32.0% during the 1st quarter. Morgan Stanley now owns 8,888 shares of the company’s stock worth $380,000 after purchasing an additional 2,157 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Docebo by 177.9% during the 2nd quarter. Bank of America Corp DE now owns 1,865 shares of the company’s stock worth $110,000 after acquiring an additional 1,194 shares in the last quarter. Citadel Advisors LLC boosted its position in shares of Docebo by 4.6% during the 2nd quarter. Citadel Advisors LLC now owns 13,701 shares of the company’s stock worth $808,000 after acquiring an additional 599 shares in the last quarter. Deutsche Bank AG boosted its position in shares of Docebo by 226.7% during the 3rd quarter. Deutsche Bank AG now owns 1,960 shares of the company’s stock worth $142,000 after acquiring an additional 1,360 shares in the last quarter. Finally, Advisor Group Holdings Inc. boosted its position in shares of Docebo by 44.1% during the 3rd quarter. Advisor Group Holdings Inc. now owns 944 shares of the company’s stock worth $69,000 after acquiring an additional 289 shares in the last quarter. 35.59% of the stock is owned by hedge funds and other institutional investors.

Docebo Company Profile (Get Rating)

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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