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

Fluent

15/11/2024 14:05

* Fluent Inc  FLNT.OQ  reported a quarterly adjusted loss
of 48
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of $-2.46.  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 -10 cents to -8 cents per share.
    * Revenue fell 2.6% to $64.52 million from a year ago;
analysts
expected $68.61 million. 
    * Fluent Inc's reported EPS for the quarter was a loss of 48
cents​.
    * The company reported a quarterly loss of $7.94 million.
    * Fluent Inc shares had fallen by 17.5% this quarter and
lost 24.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 18.2%
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
$4.00 
This summary was machine generated from LSEG data November 15 at
02:05 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
 Sep. 30 2024      -0.09          -0.48          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