ContextLogic Inc expected to post a loss of 6 cents a share - Earnings Preview

ContextLogic Holdings

30/07/2024 15:33

* ContextLogic Inc  LOGC.OQ   LOGC.O  is expected to show a
fall
in quarterly revenue when it reports  results on August 1
(estimated) for the period ending June 30 2024
    * The Oakland California-based  company is expected to
report a
97.8% decrease in revenue to $1.74 million from $78 million a
year ago, according to the estimate from one analyst, based on
LSEG data.
    * ​LSEG's mean analyst estimate for ContextLogic Inc is for
a loss
of 6 cents 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 $6.10​, above​ its last closing price of $5.78. ​​​

This summary was machine generated July 30 at 14:33 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)