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

ContextLogic Holdings

05/05/2023 24:29

* ContextLogic Inc  WISH.OQ  reported a quarterly adjusted
loss of
$3.83​​ per share for the quarter ended in March. The mean
expectation of six analysts for the quarter was for a loss of
$3.80 per share.
    * Revenue fell 49.2% to $96.00 million from a year ago;
analysts
expected $115.88 million. 
    * ContextLogic Inc's reported EPS for the quarter was a loss
of
$3.83​.
    * The mean earnings estimate of analysts had risen by
about 9.6%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * ContextLogic Inc shares had fallen by 47.1% this
quarter and
lost 51.6% so far this year.
    * The company reported a quarterly loss of $89 million.
    * Wall Street's median 12-month price target for
ContextLogic Inc
is $15.00 
    * 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 LSEG Refinitiv data May
4 at 11:29 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -3.80          -3.83          Missed
 Dec. 31 2022      -5.50          -4.80          Beat
 Sep. 30 2022      -6.00          -5.40          Beat
 Jun. 30 2022      -4.80          -3.90          Beat