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

Mitek Systems

16/04/2024 19:21

* Mitek Systems Inc  MITK.OQ  reported quarterly adjusted
earnings
of 14 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of 31 cents.  The mean expectation of six analysts for the
quarter was for earnings of 18 cents per share. Wall Street
expected results to range from 13 cents to 24 cents per share.
    * Revenue fell 19.2% to $36.92 million from a year ago;
analysts
expected $39.02 million. 
    * Mitek Systems Inc's reported EPS for the quarter was a
loss
of 13 cents​.
    * The company reported a quarterly loss of $5.79 million.
    * Mitek Systems Inc shares had risen by 5.2% this
quarter and
gained 13.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 14.3%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," no
"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 Mitek Systems Inc
is $19.00 
This summary was machine generated from LSEG data April 16 at
06:21 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
 Dec. 31 2023      0.18           0.14           Missed
 Sep. 30 2023      0.14           0.15           Beat
 Jun. 30 2023      0.18           0.20           Beat
 Mar. 31 2023      0.21           0.29           Beat