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

ContextLogic Holdings

23/02/2023 23:28

* ContextLogic Inc  WISH.OQ  reported a quarterly adjusted
loss
of 16 cents​​ per share for the quarter ended in December. The
mean expectation of six analysts for the quarter was for a loss
of 18 cents per share.
    * Revenue fell 57.4% to $123.00 million from a year ago;
analysts
expected $152.02 million. 
    * ContextLogic Inc's reported EPS for the quarter was a loss
of 16
cents​.
    * The mean earnings estimate of analysts was unchanged 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 risen by 46.1% this quarter.
    * The company reported a quarterly loss of $110 million.
    * Wall Street's median 12-month price target for
ContextLogic Inc
is $0.80 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and 3 "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
23 at 11:27 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      -0.18          -0.16          Beat
 Sep. 30 2022      -0.20          -0.18          Beat
 Jun. 30 2022      -0.16          -0.13          Beat
 Mar. 31 2022      -0.14          -0.09          Beat