ContextLogic Inc expected to post a loss of $3.74 a share - Earnings Preview

ContextLogic Holdings

02/08/2023 03:03

* ContextLogic Inc  WISH.OQ   WISH.O  is expected to show a
fall
in quarterly revenue when it reports  results on August 3. 
    * The San Francisco California-based  company is expected to
report  a 29.7% decrease in revenue to $94.254 million from $134
million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. The company's guidance on May
18 2023, for the period ended June 30, was for revenue between
$91.00 million and $102.00 million.
    * ​Refinitiv's mean analyst estimate for ContextLogic Inc is
for a
loss of $3.74 per share. 
    * The current average analyst rating on the shares is "sell"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and 3 "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 $7.8​, below​ its last closing price of $8.60. ​​​

The company's guidance on May 18 2023 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between 91 million and -60 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  
 Mar. 31 2023  -3.77       -3.80      -3.83     Missed  -0.9
 Dec. 31 2023  -5.48       -5.50      -4.80     Beat    12.7
 Sep. 30 2022  -6.01       -6.00      -5.40     Beat    10​
 Jun. 30 2022  -4.91       -4.80      -3.90     Beat    18.8
 ​​Mar.        -4.06       -4.12      -2.70     Beat    34.5
 31 2022                                                
 Dec. 31 2021  -2.46       -2.60      -2.70     Missed  -3.8​
 Sep. 30 2021  -4.30       -4.39      -3.00     Beat    31.6
 Jun. 30 2021  -4.19       -4.27      -5.40     Missed  -26.3
 This summary was machine generated August 2 at 02:03 GMT.  All
figures in US dollars  unless otherwise stated