OLO (NYSE:OLO) Updates Q2 2021 Earnings Guidance

OLO (NYSE:OLO) issued an update on its second quarter 2021 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $- for the period. The company issued revenue guidance of $33.90 million-34.40 million, compared to the consensus revenue estimate of $32.75 million.

Shares of OLO stock opened at $41.23 on Friday. The stock has a fifty day simple moving average of $30.30. OLO has a 12 month low of $22.88 and a 12 month high of $44.89.

OLO (NYSE:OLO) last issued its earnings results on Tuesday, May 11th. The company reported ($0.01) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.02. The firm had revenue of $36.12 million for the quarter, compared to analyst estimates of $31.59 million. On average, research analysts forecast that OLO will post -0.07 EPS for the current year.

OLO has been the topic of a number of recent analyst reports. Piper Sandler initiated coverage on shares of OLO in a report on Monday, April 12th. They set an overweight rating and a $35.00 target price on the stock. JPMorgan Chase & Co. initiated coverage on shares of OLO in a report on Monday, April 12th. They set an overweight rating and a $36.00 target price on the stock. Royal Bank of Canada started coverage on shares of OLO in a report on Monday, April 19th. They set an outperform rating and a $32.00 target price on the stock. Truist Securities started coverage on shares of OLO in a report on Monday, April 12th. They issued a buy rating and a $34.00 price objective on the stock. Finally, The Goldman Sachs Group started coverage on shares of OLO in a report on Monday, April 12th. They issued a neutral rating and a $28.00 price objective on the stock. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. OLO presently has an average rating of Buy and an average target price of $32.00.

About OLO

Olo Inc provides software-as-a-service platform for multi-location restaurants in the United States. The company's platform enables on-demand commerce operations, which cover digital ordering and delivery through online and mobile ordering modules. Its modules include Ordering, an on-demand commerce solution that enables consumers to order directly from and pay restaurants via mobile, web, kiosk, voice, and other digital channels; Dispatch, a fulfillment solution, which enables restaurants to offer, manage, and expand direct delivery; and Rails, an aggregator and channel management solution, which allows restaurants to control and syndicate menu, pricing, location data, and availability.

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Earnings History and Estimates for OLO (NYSE:OLO)

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