ContextLogic Inc reports results for the quarter ended in December - Earnings Summary

ContextLogic Holdings

02/03/2022 08:53

* ContextLogic Inc  WISH.OQ  reported a quarterly adjusted
loss
of 9 cents​​ per share for the quarter ended in December. The
mean expectation of seven analysts for the quarter was for a
loss of 9 cents per share.
    * Revenue fell 63.6% to $289.00 million from a year ago; 
analysts
expected $309.82 million. 
    * ContextLogic Inc's reported EPS for the quarter was a loss
of 9
cents​.
    * The mean earnings estimate of analysts had risen by
about 0.5%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * ContextLogic Inc shares had fallen by 27.0% this quarter.
    * The company reported a quarterly loss of $58 million.
    * Wall Street's median 12-month price target for
ContextLogic Inc
is $4.50 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"hold" and 2 "sell" or "strong sell." 

This summary was machine generated March 2 at 08:52 a.m.  ​All
figures in US dollars unless otherwise stated