MarketWise Inc reports results for the quarter ended in September 30 - Earnings Summary

MarketWise

07/11/2024 17:19

* MarketWise Inc  MKTW.OQ  reported quarterly adjusted
earnings of
4 cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 2 cents.  The lone analyst forecast for the quarter was
for earnings of 3 cents per share. 
    * Revenue fell 8.4% to $97.19 million from a year ago;
analysts
expected $82.10 million. 
    * MarketWise Inc's reported EPS for the quarter was 4
cents​.
    * The company reported quarterly net income of $1.72
million.
    * MarketWise Inc shares had fallen by 7.2% this quarter and
lost 77.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 75%
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 "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the professional
information services peer group is also "hold"

Wall Street's median 12-month price target for MarketWise Inc is
1.00 
This summary was machine generated from LSEG data November 7 at
05:18 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
 Sep. 30 2024      0.03           0.04           Beat
 Jun. 30 2024      0.12           0.04           Missed
 Mar. 31 2024      0.04           0.04           Met
 Dec. 31 2023      0.05           0.05           Met