ContextLogic Inc expected to post a loss of 14  cents a share - Earnings Preview

ContextLogic Holdings

04/05/2022 03:06

* ContextLogic Inc  WISH.OQ   WISH.O  is expected to show a
fall
in quarterly revenue when it reports  results on May 5. 
    * The San Francisco California-based  company is expected to
report  a 72.5% decrease in revenue to $212.188 million from
$772 million a year ago, according to the mean estimate from 5
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for ContextLogic Inc is
for a
loss of 14 cents per share. For the same quarter last year, the
company reported a loss of 21 cents per share.
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and 2 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 2.1%
in the last three months. ​
    * Wall Street's median 12-month price target for
ContextLogic Inc
is $2​, above​ its last closing price of $1.76. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2021  -0.08       -0.09      -0.09     Met     -3.8
 Sep. 30 2021  -0.14       -0.15      -0.10     Beat    31.6
 Jun. 30 2021  -0.14       -0.14      -0.18     Missed  -26.3​
 Mar. 31 2021  -0.18       -0.18      -0.21     Missed  -15.9
 ​​Dec.        -3.03       -3.03      -3.04     Missed  -0.3
 31 2020                                                
                                                        ​
 This summary was machine generated May 4 at 02:06 GMT.  All
figures in US dollars  unless otherwise stated