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

Cardlytics

08/08/2024 04:34

* Cardlytics Inc  CDLX.OQ  reported a quarterly adjusted
loss
of 15 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of -24 cents.  The mean expectation of five analysts for the
quarter was for a loss of 13 cents per share. Wall Street
expected results to range from -25 cents to -1 cents per share.
    * Revenue fell 9.2% to $69.64 million from a year ago;
analysts
expected $75.37 million. 
    * Cardlytics Inc's reported EPS for the quarter was a loss
of 9
cents​.
    * The company reported a quarterly loss of $4.26 million.
    * Cardlytics Inc shares had fallen by 10.8% this quarter and
lost 20.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 7.8%
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 "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Cardlytics Inc is
$14.00 
This summary was machine generated from LSEG data August 8 at
03:34 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
 Jun. 30 2024      -0.13          -0.15          Missed
 Mar. 31 2024      -0.11          -0.09          Beat
 Dec. 31 2023      0.12           0.14           Beat
 Sep. 30 2023      -0.01          0.01           Beat