ContextLogic Inc expected to post a loss of $2.98 a share - Earnings Preview

ContextLogic Holdings

20/02/2024 03:05

* ContextLogic Inc  WISH.OQ   WISH.O  is expected to show a
fall
in quarterly revenue when it reports  results on February 21
(estimated) for the period ending December 31 2023
    * The San Francisco California-based  company is expected to
report a 54.7% decrease in revenue to $55.68 million from $123
million a year ago, according to the mean estimate from 2
analysts, 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 $2.98 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * 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 $6.50​, below​ its last closing price of $6.85. ​​​

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 February 20 at 03:05 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)