Mitek Systems Inc reports results for the quarter ended in December - Earnings Summary

Mitek Systems

05/09/2023 22:01

* Mitek Systems Inc  MITK.OQ  reported quarterly adjusted
earnings
of 31 cents​​ per share for the quarter ended in December. The
mean expectation of five analysts for the quarter was
for earnings of 20 cents per share.
    * Revenue rose 40.7% to $45.70 million from a year ago;
analysts
expected $37.39 million. 
    * Mitek Systems Inc's reported EPS for the quarter was 10
cents​.
    * The mean earnings estimate of analysts had risen by
about 12.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Mitek Systems Inc shares had risen by 4.7% this
quarter and
gained 17.1% so far this year.
    * The company reported quarterly net income of $4.73
million.
    * Wall Street's median 12-month price target for Mitek
Systems Inc
is $14.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
September 5 at 09:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.20           0.31           Beat
 Sep. 30 2022      0.20           0.20           Met
 Jun. 30 2022      0.20           0.23           Beat
 Mar. 31 2022      0.20           0.24           Beat