Marchex Inc expected to post a loss of 3 cents a share - Earnings Preview

Marchex

30/10/2023 12:14

* Marchex Inc  MCHX.OQ   MCHX.O  is expected to show a fall
in
quarterly revenue when it reports  results 
    * The Seattle Washington-based  company is expected to
report  a
3.4% decrease in revenue to $12.75 million from $13.2 million a
year ago, according to the mean estimate from 2 analysts, based
on Refinitiv data. The company's guidance on August 3 2023, for
the period ended September 30, was for revenue between $12.77
million and $13.02 million.
    * ​Refinitiv's mean analyst estimate for Marchex Inc is for
a loss
of 3 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
$2.5​, above​ its last closing price of $1.29. ​​​

The company's guidance on August 3 2023 for the period ended
September 30 was for Earnings before Interest, Taxes,
Depreciation and Amortization of of USD0.
This summary was machine generated October 30 at 12:14 GMT.  All
figures in US dollars  unless otherwise stated