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

Fluent

19/08/2024 22:01

* Fluent Inc  FLNT.OQ  reported a quarterly adjusted loss
of 75
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of 6
cents.  The mean expectation of two analysts for the quarter was
for a loss of 30 cents per share. Wall Street expected
results to range from -35 cents to -26 cents per share.
    * Revenue fell 28.5% to $58.72 million from a year ago;
analysts
expected $61.70 million. 
    * Fluent Inc's reported EPS for the quarter was a loss of 75
cents​.
    * The company reported a quarterly loss of $11.63 million.
    * Fluent Inc shares had fallen by 16.9% this quarter and
lost 25.4% so far this year.

FORECAST CHANGES
    * 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.

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 August 19 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      -0.30          -0.75          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