Core Viewpoint - Olo Inc. has demonstrated exceptional stock performance, with shares increasing over 86.7% in the past six months, significantly outperforming its sector and competitors [1][2]. Financial Performance - In Q3 2024, Olo's total revenues rose 24% year-over-year to $71.9 million, with platform revenues also increasing by 24% to $71 million [3]. - For Q4 2024, Olo anticipates net revenues between $72.5 million and $73 million, with full-year revenues expected to be in the range of $281.4 million to $281.9 million [12]. - The consensus estimate for Q4 2024 revenues is $72.87 million, reflecting a year-over-year decline of 15.67% [12]. - The Zacks Consensus Estimate for 2024 revenues is $281.71 million, indicating a year-over-year growth of 23.40% [13]. Customer Growth and Retention - Olo has expanded its active locations to approximately 85,000, marking a 10% year-over-year increase, and has added around 3,000 net new locations sequentially [5]. - The average revenue per unit (ARPU) grew 15% year-over-year to $850, indicating strong monetization of its customer base [6]. - Olo's dollar-based net revenue retention has remained above 120% for four consecutive quarters, showcasing robust customer retention [6]. Market Metrics - Gross merchandise volume (GMV) exceeded $26 billion for the year ended December 31, 2023, while gross payment volume (GPV) reached $1 billion during the same period [7]. Product Innovations - Olo has introduced several product innovations in 2024, including card-present payment processing for Olo Pay and enhancements to its Catering+ and Borderless passwordless guest checkout solutions [9][10]. - The company has strengthened its partnership with ezCater to automate catering menu management, improving operational efficiency for restaurants [10]. Strategic Positioning - Olo's open SaaS platform is tailored to meet the unique needs of restaurants, supporting the industry's digital transformation through its core product suites: Order, Pay, and Engage [8]. - The company has achieved significant growth in the enterprise segment with multi-suite deployments, including notable clients like Papa Gino's and Pizza Inn [11]. Earnings Outlook - The consensus estimate for Q4 2024 earnings is 7 cents per share, reflecting a 40% increase from the previous year [13]. - The consensus mark for earnings in 2024 is pegged at 23 cents per share, indicating a year-over-year growth of 53.33% [13]. Investment Sentiment - Olo currently holds a Zacks Rank 1 (Strong Buy), suggesting a favorable investment outlook [14].

Company Overview - Olo Inc. currently holds a Momentum Style Score of A, indicating strong momentum characteristics [3] - The company has a Zacks Rank of 1 (Strong Buy), suggesting a favorable outlook compared to the market [4][12] Price Performance - Olo's shares have increased by 11.85% over the past week, while the Zacks Internet - Software industry has declined by 3.22% during the same period [7] - Over the last quarter, Olo's shares rose by 31.58%, and they are up 37.53% over the past year, significantly outperforming the S&P 500, which moved 6.16% and 32.62% respectively [8] Trading Volume - The average 20-day trading volume for Olo is 1,713,819 shares, which serves as a bullish indicator when combined with rising stock prices [9] Earnings Estimates - In the past two months, three earnings estimates for Olo have been revised upwards, with the consensus estimate increasing from $0.21 to $0.23 [11] - For the next fiscal year, three estimates have also moved higher, with no downward revisions noted [11] Conclusion - Given the strong price performance, positive earnings revisions, and high momentum score, Olo Inc. is positioned as a promising investment opportunity [12]

Core Insights - Olo introduced a new approach to self-directed health and nervous system resilience at Slush 2024, featuring two new products: Olo Foundations and Olo AI Reflections [1][4][5] - The platform combines nature, sound, and somatic practices to provide immersive audio journeys that significantly reduce stress and enhance heart rate variability [2][7] Product Offerings - Olo Foundations is a 4-week program aimed at deepening users' understanding of the nervous system, guided by a somatic coach [4] - Olo AI Reflections is a beta feature that offers personalized, real-time guidance for somatic awareness and nervous system regulation, acting as a personal coach for users [5] Company Background - Founded by a somatic therapist and an award-winning music composer, Olo has over two decades of experience in exploring the intersection of nature, sound, and wellbeing [2][7] - The company provides a holistic ecosystem that includes workshops in major cities and retreat centers in Finland and Portugal, enhancing the user experience with specialized audio equipment [3][7]

Olo Inc. (OLO) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.The upward trend in estimate revisions for this company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estim ...

Olo Inc. (OLO) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Individual investors ...

Olo Inc. (OLO) closed the last trading session at $6.43, gaining 28.3% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $8.70 indicates a 35.3% upside potential.The mean estimate comprises five short-term price targets with a standard deviation of $0.84. While the lowest estimate of $8 indicates a 24.4% increase from the current price level, the most optimistic analyst expects the s ...

olo Third Quarter 2024 Presentation November 7, 2024 Safe Harbor Disclosure The material in this presentation (this "Presentation") regarding Olo Inc. ("we," "us" or the "Company") is for informational purposes only. Statements we make in this Presentation include statements that are considered forward-looking within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act, which may be identified by the use of words such as "anticipates," "believes," "continue," "esti ...

Olo Inc. (NYSE:OLO) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Gary Fuges - Senior Vice President of Investor Relations Noah Glass - Founder and Chief Executive Officer Peter Benevides - Chief Financial Officer Conference Call Participants Connor Passarella - Truist Securities, Inc. Patrick McIlwee - William Blair & Company Bruce Goldfarb - Lake Street Capital Markets Operator Greetings, and welcome to the Olo Third Quarter 2024 Earnings Conference Call. At this time a ...

For the quarter ended September 2024, Olo Inc. (OLO) reported revenue of $71.85 million, up 24.3% over the same period last year. EPS came in at $0.06, compared to $0.04 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $71.07 million, representing a surprise of +1.11%. The company delivered an EPS surprise of +20.00%, with the consensus EPS estimate being $0.05.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...

Olo Inc. (OLO) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.04 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 $0.05 per share when it actually produced earnings of $0.05, delivering no surprise.Over the last four quarters, the company has surpassed consen ...