Cardlytics Inc reports results for the quarter ended in January 1 - Earnings Summary

Cardlytics

07/11/2024 04:08

* Cardlytics Inc  CDLX.OQ  reported a quarterly adjusted
loss
of 15 cents​​ per share for the quarter ended January 1, lower
than the same quarter last year, when the company reported EPS
of 1 cents.  The mean expectation of five analysts for the
quarter was for a loss of 24 cents per share. Wall Street
expected results to range from -33 cents to -14 cents per share.
    * Revenue fell 15.1% to $67.06 million from a year ago;
analysts
expected $57.79 million. 
    * Cardlytics Inc's reported EPS for the quarter was a loss
of
$2.90​.
    * The company reported a quarterly loss of $145.18 million.
    * Cardlytics Inc shares had risen by 46.6% this quarter and
lost 49.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "hold"

Wall Street's median 12-month price target for Cardlytics Inc is
$4.00 
This summary was machine generated from LSEG data November 7 at
04:08 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      -0.24          -0.15          Beat
 Jun. 30 2024      -0.13          -0.15          Missed
 Mar. 31 2024      -0.11          -0.09          Beat
 Dec. 31 2023      0.12           0.14           Beat