Marchex Inc reports results for the quarter ended in January 1 - Earnings Summary

Marchex

01/11/2024 03:12

* Marchex Inc  MCHX.OQ  reported a quarterly adjusted loss
of 1
cent​​ per share for the quarter ended January 1, identical to
the same quarter last year.  The mean expectation of
two analysts for the quarter was for breakeven results per
share. Wall Street expected results to range from -1 cents
tozero cents per share.
    * Revenue fell 1.8% to $12.55 million from a year ago;
analysts
expected $12.59 million. 
    * Marchex Inc's reported EPS for the quarter was a loss of 2
cents​.
    * The company reported a quarterly loss of $831 thousand.
    * Marchex Inc shares had fallen by 4.8% this quarter and
gained 30.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 66.7%
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 advertising &
marketing peer group is also "buy"

Wall Street's median 12-month price target for Marchex Inc is
$3.25 
This summary was machine generated from LSEG data November 1 at
03:11 a.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
 Sep. 30 2024      0.00           -0.01          Missed
 Jun. 30 2024      -0.01          -0.02          Missed
 Mar. 31 2024      -0.02          -0.02          Met
 Dec. 31 2023      -0.02          0.00           Beat