Marchex Inc expected to post a loss of 2 cents a share - Earnings Preview

Marchex

24/02/2024 03:05

* Marchex Inc  MCHX.OQ   MCHX.O  is expected to show a rise
in
quarterly revenue when it reports  results on February 26
(estimated) for the period ending December 31 2023
    * The Seattle Washington-based  company is expected to
report a
3.7% increase in revenue to $12.75 million from $12.29 million a
year ago, according to the mean estimate from 2 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Marchex Inc is for a
loss of 2
cents 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 $1.23. ​​​

The company's guidance on November 8 2023 for the period ended
December 31 was for Earnings before Interest, Taxes,
Depreciation and Amortization of of USD0.
This summary was machine generated February 24 at 03:03 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)