ContextLogic Inc expected to post a loss of 9  cents a share - Earnings Preview

ContextLogic Holdings

26/02/2022 03:03

* ContextLogic Inc  WISH.OQ   WISH.O  is expected to show a
fall
in quarterly revenue when it reports  results on March 1. 
    * The San Francisco California-based  company is expected to
report  a 60.5% decrease in revenue to $313.466 million from
$794 million a year ago, according to the mean estimate from 8
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for ContextLogic Inc is
for a
loss of 9 cents per share. For the same quarter last year, the
company reported a loss of $3.04 per share.
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 4
"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 $5​, about 54.6% above​ its last closing price of $2.27. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Sep. 30 2021  -0.14       -0.15      -0.10     Beat    31.6
 Jun. 30 2021  -0.14       -0.14      -0.18     Missed  -26.3
 Mar. 31 2021  -0.18       -0.18      -0.21     Missed  -15.9​
 Dec. 31 2020  -3.03       -3.03      -3.04     Missed  -0.3
 ​​                                                     
                                                        ​
 This summary was machine generated February 26 at 03:03 GMT. 
All figures in US dollars  unless otherwise stated