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

Mitek Systems

26/10/2023 22:38

* Mitek Systems Inc  MITK.OQ  reported quarterly adjusted
earnings
of 20 cents​​ per share for the quarter ended in June. The mean
expectation of five analysts for the quarter was for earnings of
18 cents per share.
    * Revenue rose 9.5% to $43.07 million from a year ago;
analysts
expected $39.40 million. 
    * Mitek Systems Inc's reported EPS for the quarter was a
loss of 1
cent​.
    * The mean earnings estimate of analysts had fallen by
about 31.6%
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 fallen by 2.1% this
quarter and
gained 8.3% so far this year.
    * The company reported a quarterly loss of $428 thousand.
    * Wall Street's median 12-month price target for Mitek
Systems Inc
is $17.50 
    * 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
October 26 at 09:38 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.18           0.20           Beat
 Mar. 31 2023      0.21           0.29           Beat
 Dec. 31 2022      0.20           0.31           Beat
 Sep. 30 2022      0.20           0.20           Met