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

Meridianlink

08/11/2024 16:29

* MeridianLink Inc  MLNK.N  reported quarterly adjusted
earnings
of 6 cents​​ per share for the quarter ended September 30, lower
than the same quarter last year, when the company reported EPS
of 10 cents.  The mean expectation of eight analysts for the
quarter was for earnings of 8 cents per share. Wall Street
expected results to range from 4 cents to 13 cents per share.
    * Revenue rose 5.1% to $80.37 million from a year ago;
analysts
expected $79.97 million. 
    * MeridianLink Inc's reported EPS for the quarter was a loss
of 9
cents​.
    * The company reported a quarterly loss of $7.05 million.
    * MeridianLink Inc shares had risen by 18.7% this
quarter and
lost 1.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.5%
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," 3
"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 23.00 
This summary was machine generated from LSEG data November 8 at
04:29 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      0.08           0.06           Missed
 Jun. 30 2024      0.08           0.04           Missed
 Mar. 31 2024      0.07           0.06           Missed
 Dec. 31 2023      -0.07          -0.29          Missed