ContextLogic Inc expected to post a loss of $3.31 a share - Earnings Preview

ContextLogic Holdings

04/11/2023 03:06

* ContextLogic Inc  WISH.OQ   WISH.O  is expected to show a
fall
in quarterly revenue when it reports  results 
    * The San Francisco California-based  company is expected to
report  a 54.1% decrease in revenue to $57.355 million from $125
million a year ago, according to the mean estimate from 2
analysts, based on LSEG data. The company's guidance on August 3
2023, for the period ended September 30, was for revenue between
$55.00 million and $65.00 million.
    * ​Refinitiv's mean analyst estimate for ContextLogic Inc is
for a
loss of $3.31 per share. 
    * The current average analyst rating on the shares is "sell"
and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and 2 "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 $6.25​, above​ its last closing price of $4.29. ​​​

The company's guidance on August 3 2023 for the period ended
September 30 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between 55 million and -55
million (USD).
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2023  -3.73       -3.74      -3.38     Beat    9.7
 Mar. 31 2023  -3.77       -3.80      -3.83     Missed  -0.9
 Dec. 31 2022  -5.48       -5.50      -4.80     Beat    12.7​
 Sep. 30 2022  -6.01       -6.00      -5.40     Beat    10
 ​​Jun.        -4.91       -4.80      -3.90     Beat    18.8
 30 2022                                                
 Mar. 31 2022  -4.06       -4.12      -2.70     Beat    34.5​
 Dec. 31 2021  -2.46       -2.60      -2.70     Missed  -3.8
 Sep. 30 2021  -4.30       -4.39      -3.00     Beat    31.6
 This summary was machine generated November 4 at 03:05 GMT.  All
figures in US dollars  unless otherwise stated