Olo (OLO) Company Overview

Olo (OLO) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Olo drives growth with strong deployments and expanding partnerships but faces margin pressure due to the increasing mix of Olo Pay revenues.

Does Olo Inc. (OLO) have what it takes to be a top stock pick for momentum investors? Let's find out.

SAN FRANCISCO, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Olo , a science-backed mental wellness platform that delivers instant stress relief and deep regulation through immersive audio journeys, introduced its transformative approach to self-directed health and nervous system resilience at Slush 2024. Markus Pesonen, Co-Founder and CEO of Olo, debuted two new tenants of the Olo product ecosystem—Olo Foundations and Olo AI Reflections—expanding their offerings for somatic awareness and nervous system regulation through sound and community-focused experiences.

Olo (OLO) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Olo (OLO) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

NEW YORK--(BUSINESS WIRE)--Olo Inc. (NYSE:OLO), a leading restaurant technology provider, today announced the launch of "Round Up Donations," enabling guests to effortlessly contribute to charitable causes during checkout. Piloted in collaboration with Tropical Smoothie Cafe, this feature allows guests to round up their order total to support No Kid Hungry, a national campaign working to end childhood hunger in America, or other nonprofit campaigns and organizations Olo brands wish to support.

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 all participants are in a listen-only mode.

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.