Braze, Inc. (BRZE) Q2 Earnings and Revenues Surpass Estimates

Core Insights - Braze, Inc. reported quarterly earnings of $0.09 per share, exceeding the Zacks Consensus Estimate of a loss of $0.03 per share, marking a 400% earnings surprise [1] - The company achieved revenues of $145.5 million for the quarter ended July 2024, surpassing the Zacks Consensus Estimate by 3.13% and showing a year-over-year increase from $115.11 million [2] Financial Performance - Over the last four quarters, Braze has consistently surpassed consensus EPS estimates, achieving this four times [2] - The company has also topped consensus revenue estimates in each of the last four quarters [2] Stock Performance - Braze shares have declined approximately 18.7% since the beginning of the year, contrasting with the S&P 500's gain of 15.7% [3] - The current Zacks Rank for Braze is 3 (Hold), indicating expected performance in line with the market in the near future [6] Future Outlook - The consensus EPS estimate for the upcoming quarter is -$0.01 on revenues of $147.38 million, while for the current fiscal year, it is -$0.08 on revenues of $578.99 million [7] - The outlook for the Technology Services industry, where Braze operates, is currently in the top 28% of over 250 Zacks industries, suggesting a favorable environment for performance [8]