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

ContextLogic Holdings

05/03/2024 23:52

* ContextLogic Inc  WISH.OQ  reported a quarterly adjusted
loss of
$2.69​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of
$-4.80.  The lone analyst forecast for the quarter was for a
loss of $2.66 per share. 
    * Revenue fell 56.9% to $53.00 million from a year ago;
analysts
expected $53.06 million. 
    * ContextLogic Inc's reported EPS for the quarter was a loss
of
$2.82​.
    * The company reported a quarterly loss of $68 million.
    * ContextLogic Inc shares had risen by 8.6% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 11.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the online
services
peer group is also "hold"

Wall Street's median 12-month price target for ContextLogic Inc
is $7.25 
This summary was machine generated from LSEG data March 5 at
11:52 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -2.66          -2.69          Missed
 Sep. 30 2023      -3.31          -3.35          Missed
 Jun. 30 2023      -3.74          -3.38          Beat
 Mar. 31 2023      -3.80          -3.83          Missed