Weave Communications, Inc. (NYSE:WEAV ) Q2 2024 Earnings Conference Call July 31, 2024 4:30 PM ET Company Participants Mark McReynolds - Head, Investor Relations Brett White - Chief Executive Officer Alan Taylor - Chief Financial Officer Conference Call Participants Parker Lane - Stifel Alex Sklar - Raymond James Brent Bracelin - Piper Sandler Mark Schappel - Loop Capital Markets Henry Dane - Goldman Sachs Operator Greetings and welcome to the Weave Second Quarter 2024 Financial Results Conference Call. At this time, all participants are in a listen-only mode.
Weave Communications, Inc. (WEAV) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to loss of $0.05 per share a year ago.
Weave Communications (WEAV) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
I give a buy rating for WEAV with a share price target of $13. WEAV provides an all-in-one platform for small businesses, improving operational efficiency and customer satisfaction. WEAV has demonstrated strong execution over the past few years, and its recent ~20% growth is especially commendable given the macro headwinds.