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

ContextLogic Holdings

09/08/2022 23:05

* ContextLogic Inc  WISH.OQ  reported a quarterly adjusted
loss
of 13 cents​​ per share for the quarter ended in June. The mean
expectation of five analysts for the quarter was for a loss
of 16 cents per share.
    * Revenue fell 79.6% to $134.00 million from a year ago;
analysts
expected $164.40 million. 
    * ContextLogic Inc's reported EPS for the quarter was a loss
of 13
cents​.
    * The mean earnings estimate of analysts had fallen by
about 1.6%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * ContextLogic Inc shares had risen by 15.6% this
quarter and
lost 40.5% so far this year.
    * The company reported a quarterly loss of $90 million.
    * Wall Street's median 12-month price target for
ContextLogic Inc
is $1.88 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and 2 "sell" or "strong sell." 

This summary was machine generated from Refinitiv data August 9
at 10:05 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      -0.16          -0.13          Beat
 Mar. 31 2022      -0.14          -0.09          Beat
 Dec. 31 2021      -0.09          -0.09          Met
 Sep. 30 2021      -0.15          -0.10          Beat