Marchex Inc expected to post a loss of 1 cent a share - Earnings Preview

Marchex

30/07/2024 16:04

* Marchex Inc  MCHX.OQ   MCHX.O  is expected to show a fall
in
quarterly revenue when it reports  results on August 1
(estimated) for the period ending June 30 2024
    * The Seattle Washington-based  company is expected to
report a
3.1% decrease in revenue to $12.136 million from $12.52 million
a year ago, according to the mean estimate from 2 analysts,
based on LSEG data.The company's guidance on May 7 2024, for the
period ended June 30, was for revenue of $12.000 million.
    * ​LSEG's mean analyst estimate for Marchex Inc is for a
loss of 1
cent per share. 
    * 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 mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Marchex Inc
is
$3.25​, above​ its last closing price of $1.57. ​​​

This summary was machine generated July 30 at 15:03 GMT.  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)