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

ContextLogic Holdings

09/05/2024 21:12

* ContextLogic Inc  WISH.OQ  reported a quarterly adjusted
loss of
$2.43​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of
$-3.83.  The lone analyst forecast for the quarter was for a
loss of $2.10 per share. 
    * Revenue fell 62.5% to $36.00 million from a year ago;
analysts
expected $40.51 million. 
    * ContextLogic Inc's reported EPS for the quarter was a loss
of
$2.43​.
    * The company reported a quarterly loss of $59 million.
    * ContextLogic Inc shares had fallen by 6.9% this
quarter and
lost 10.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.2%
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 investment
holding
companies peer group is also "hold"

Wall Street's median 12-month price target for ContextLogic Inc
is $6.10 
This summary was machine generated from LSEG data May 9 at 08:12
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
 Mar. 31 2024      -2.10          -2.43          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