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

Meridianlink

09/08/2024 01:04

* MeridianLink Inc  MLNK.N  reported quarterly adjusted
earnings
of 4 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 nine analysts for the
quarter was for earnings of 8 cents per share. Wall Street
expected results to range from 5 cents to 14 cents per share.
    * Revenue rose 4.3% to $78.68 million from a year ago;
analysts
expected $77.97 million. 
    * MeridianLink Inc's reported EPS for the quarter was a loss
of 13
cents​.
    * The company reported a quarterly loss of $9.67 million.
    * MeridianLink Inc shares had risen by 3.7% this quarter and
lost 10.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 19.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 4
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the financial
technology (fintech) peer group is also "hold"

Wall Street's median 12-month price target for MeridianLink Inc
is $19.00 
This summary was machine generated from LSEG data August 9 at
12:04 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
 Jan. 1 0001       0.08           0.04           Missed
 Mar. 31 2024      0.07           0.06           Missed
 Dec. 31 2023      -0.07          -0.29          Missed
 Sep. 30 2023      0.04           0.10           Beat