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

Expensify

08/08/2024 22:01

* Expensify Inc  EXFY.OQ  reported quarterly adjusted
earnings of
6 cents​​ per share for the quarter ended in June, higher than
the same quarter last year, when the company reported EPS of -1
cents.  The mean expectation of six analysts for the quarter was
for earnings of 4 cents per share. Wall Street expected
results to range from zero cents to 7 cents per share.
    * Revenue fell 14.4% to $33.29 million from a year ago;
analysts
expected $36.15 million. 
    * Expensify Inc's reported EPS for the quarter was a loss
of 3
cents​.
    * The company reported a quarterly loss of $2.76 million.
    * Expensify Inc shares had risen by 1.3% this quarter and
lost 38.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 12.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "hold"

Wall Street's median 12-month price target for Expensify Inc is
$2.50 
This summary was machine generated from LSEG data August 8 at
09:01 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
 Jun. 30 2024      0.04           0.06           Beat
 Mar. 31 2024      0.05           0.04           Missed
 Dec. 31 2023      -0.05          0.04           Beat
 Sep. 30 2023      0.02           -0.08          Missed