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

ContextLogic Holdings

09/11/2022 22:36

* ContextLogic Inc  WISH.OQ  reported a quarterly adjusted
loss
of 18 cents​​ per share for the quarter ended in September. The
mean expectation of five analysts for the quarter was for a loss
of 20 cents per share.
    * Revenue fell 66% to $125.00 million from a year ago;
analysts
expected $155.99 million. 
    * ContextLogic Inc's reported EPS for the quarter was a loss
of 18
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 fallen by 6.9% this
quarter and
lost 78.0% so far this year.
    * The company reported a quarterly loss of $124 million.
    * Wall Street's median 12-month price target for
ContextLogic Inc
is $1.83 
    * 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 November
9 at 10:36 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      -0.20          -0.18          Beat
 Jun. 30 2022      -0.16          -0.13          Beat
 Mar. 31 2022      -0.14          -0.09          Beat
 Dec. 31 2021      -0.09          -0.09          Met