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

Leafly Holdings

08/08/2024 22:41

* Leafly Holdings Inc  LFLY.OQ  reported a quarterly
adjusted loss
of 50 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of -80 cents.  The mean expectation of two analysts for the
quarter was for a loss of $1.11 per share. Wall Street expected
results to range from $-1.21 to $-1.02 per share.
    * Revenue fell 18.3% to $8.72 million from a year ago;
analysts
expected $8.60 million. 
    * Leafly Holdings Inc's reported EPS for the quarter was a
loss
of 55 cents​.
    * The company reported a quarterly loss of $1.28 million.
    * Leafly Holdings Inc shares had risen by 2.5% this
quarter and
lost 57.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 14.9%
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 2 "strong buy" or "buy," no
"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 Leafly Holdings
Inc is $7.59 
This summary was machine generated from LSEG data August 8 at
09:41 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      -1.11          -0.50          Beat
 Mar. 31 2024      -0.81          -1.09          Missed
 Dec. 31 2023      -1.52          -0.22          Beat
 Sep. 30 2023      -1.07          -1.10          Missed