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E2open Parent Holdings, Inc. Misses Q1 Earnings and Revenue Estimates

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E2open Parent Holdings, Inc. (NYSE: ETWO) came out with quarterly earnings of $0.04 per share, missing the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.05 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -20%. A quarter ago, it was expected that this company would post earnings of $0.04 per share when it actually produced earnings of $0.05, delivering a surprise of 25%.

Over the last four quarters, the company has surpassed consensus EPS estimates just once.

E2open, which belongs to the Zacks Internet – Software industry, posted revenues of $151.16 million for the quarter ended May 2024, missing the Zacks Consensus Estimate by 2.78%. This compares to year-ago revenues of $160.12 million. The company has topped consensus revenue estimates just once over the last four quarters.

The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.

E2open …

Full story available on Benzinga.com

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