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

Marchex

09/08/2024 15:49

* Marchex Inc  MCHX.OQ  reported a quarterly adjusted loss
of 2
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of -3
cents.  The mean expectation of two analysts for the quarter was
for a loss of one cent per share. Wall Street expected
results to range from -2 cents to -1 cents per share.
    * Revenue fell 3.6% to $12.07 million from a year ago;
analysts
expected $12.14 million. 
    * Marchex Inc's reported EPS for the quarter was a loss of 1
cent​.
    * The company reported a quarterly loss of $756 thousand.
    * Marchex Inc shares had risen by 21.4% this quarter and
gained 37.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 August 9 at
02:49 p.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
 Jan. 1 0001       -0.01          -0.02          Missed
 Mar. 31 2024      -0.02          -0.02          Met
 Dec. 31 2023      -0.02          0.00           Beat
 Jan. 1 0001       -0.03          -0.01          Beat