Expensify Inc reports results for the quarter ended in September 30 - Earnings Summary

Expensify

08/11/2024 05:16

* Expensify Inc  EXFY.OQ  reported quarterly adjusted
earnings of
6 cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of -8 cents.  The mean expectation of five analysts for the
quarter was for earnings of 6 cents per share. Wall Street
expected results to range from 5 cents to 7 cents per share.
    * Revenue fell 3% to $35.41 million from a year ago;
analysts
expected $35.01 million. 
    * Expensify Inc's reported EPS for the quarter was a loss
of 2
cents​.
    * The company reported a quarterly loss of $2.2 million.
    * Expensify Inc shares had risen by 1.0% this quarter and
lost 19.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11.7%
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 "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Expensify Inc is
2.50 
This summary was machine generated from LSEG data November 8 at
05:16 a.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
 Sep. 30 2024      0.06           0.06           Met
 Jun. 30 2024      0.04           0.06           Beat
 Mar. 31 2024      0.05           0.04           Missed
 Dec. 31 2023      -0.05          0.04           Beat