Fluent Inc reports results for the quarter ended in January - Earnings Summary

Fluent

15/05/2024 22:39

* Fluent Inc  FLNT.OQ  reported a quarterly adjusted loss
of 45
cents​​ per share for the quarter ended in January, higher than
the same quarter last year, when the company reported EPS of
$-2.34.  The mean expectation of two analysts for the quarter
was for a loss of 9 cents per share. Wall Street expected
results to range from -14 cents to -5 cents per share.
    * Revenue fell 14.6% to $65.98 million from a year ago;
analysts
expected $66.43 million. 
    * Fluent Inc's reported EPS for the quarter was a loss of 45
cents​.
    * The company reported a quarterly loss of $6.28 million.
    * Fluent Inc shares had risen by 34.3% this quarter and
lost 1.2%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 60.4%
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 no "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the advertising &
marketing peer group is also "hold"

Wall Street's median 12-month price target for Fluent Inc is
$4.50 
This summary was machine generated from LSEG data May 15 at
09:39 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      -0.09          -0.45          Missed
 Dec. 31 2023      -0.21          -0.12          Beat
 Sep. 30 2023      -0.18          -2.46          Missed
 Jun. 30 2023      -0.03          0.06           Beat