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

MH Wind Down Co

14/08/2024 14:31

* Mondee Holdings Inc  MOND.OQ  reported a quarterly
adjusted loss
of 36 cents​​ per share for the quarter ended in June, lower
than the same quarter last year, when the company reported EPS
of -22 cents.  The mean expectation of four analysts for the
quarter was for a loss of 15 cents per share. Wall Street
expected results to range from -19 cents to -11 cents per share.
    * Revenue rose 2.7% to $58.33 million from a year ago;
analysts
expected $61.45 million. 
    * Mondee Holdings Inc's reported EPS for the quarter was a
loss
of 36 cents​.
    * The company reported a quarterly loss of $29.45 million.
    * Mondee Holdings Inc shares had fallen by 10.8% this
quarter and
lost 22.5% 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 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Mondee Holdings
Inc is $4.10 
This summary was machine generated from LSEG data August 14 at
01:30 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
 Jun. 30 2024      -0.15          -0.36          Missed
 Mar. 31 2024      -0.10          -0.30          Missed
 Dec. 31 2023      -0.12          -0.21          Missed
 Sep. 30 2023      -0.11          -0.29          Missed