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

Meridianlink

08/05/2024 13:18

* MeridianLink Inc  MLNK.N  reported quarterly adjusted
earnings
of 6 cents​​ per share for the quarter ended in March, higher
than the same quarter last year, when the company reported EPS
of 1 cents.  The mean expectation of nine analysts for the
quarter was for earnings of 7 cents per share. Wall Street
expected results to range from 4 cents to 11 cents per share.
    * Revenue rose 0.9% to $77.82 million from a year ago;
analysts
expected $76.93 million. 
    * MeridianLink Inc's reported EPS for the quarter was a loss
of 7
cents​.
    * The company reported a quarterly loss of $5.31 million.
    * MeridianLink Inc shares had fallen by 7.7% this
quarter and
lost 30.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 11.9%
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 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 $21.00 
This summary was machine generated from LSEG data May 8 at 12:18
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
 Mar. 31 2024      0.07           0.06           Missed
 Dec. 31 2023      -0.07          -0.29          Missed
 Sep. 30 2023      0.04           0.10           Beat
 Jun. 30 2023      0.06           0.03           Missed