Marchex Inc expected to post a loss of 6 cents a share - Earnings Preview

Marchex

02/08/2023 03:09

* Marchex Inc  MCHX.OQ   MCHX.O  is expected to show a fall
in
quarterly revenue when it reports  results on August 3. 
    * The Seattle Washington-based  company is expected to
report  a
7.5% decrease in revenue to $12.5 million from $13.51 million a
year ago, according to the estimate from one analyst, based on
Refinitiv data. The company's guidance on May 4 2023, for the
period ended June 30, was for revenue between $12.46 million and
$12.70 million.
    * ​Refinitiv's mean analyst estimate for Marchex Inc is for
a loss
of 6 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 $1.99. ​​​

This summary was machine generated August 2 at 02:09 GMT.  All
figures in US dollars  unless otherwise stated