ContextLogic Inc expected to post a loss of $2.66 a share - Earnings Preview

ContextLogic Holdings

01/03/2024 22:29

* ContextLogic Inc  WISH.OQ   WISH.O  is expected to show a
fall
in quarterly revenue when it reports  results on March 4 for the
period ending December 31 2023
    * The San Francisco California-based  company is expected to
report a 56.9% decrease in revenue to $53.06 million from $123
million a year ago, according to the estimate from one analyst,
based on LSEG data.The company's guidance on November 7 2023,
for the period ended December 31, was for revenue between $50.00
million and $60.00 million.
    * ​LSEG's mean analyst estimate for ContextLogic Inc is for
a loss
of $2.66 per share. 
    * The one available analyst rating on the shares is
"hold".  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for
ContextLogic Inc
is $7.25​, above​ its last closing price of $6.54. ​​​

The company's guidance on November 7 2023 for the period ended
December 31 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between 50 million and -55
million (USD).
This summary was machine generated March 1 at 22:29 GMT.  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)