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

Mitek Systems

19/03/2024 21:01

* Mitek Systems Inc  MITK.OQ  reported quarterly adjusted
earnings
of 15 cents​​ per share for the quarter ended in September,
lower than the same quarter last year, when the company reported
EPS of 20 cents.  The mean expectation of six analysts for the
quarter was for earnings of 14 cents per share. Wall Street
expected results to range from 6 cents to 21 cents per share.
    * Revenue fell 2.9% to $37.66 million from a year ago;
analysts
expected $37.23 million. 
    * Mitek Systems Inc's reported EPS for the quarter was a
loss of 3
cents​.
    * The company reported a quarterly loss of $1.44 million.
    * Mitek Systems Inc shares had fallen by 6.4% this quarter.

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 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 $17.00 
This summary was machine generated from LSEG data March 19 at
09:00 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 2023      0.14           0.15           Beat
 Jun. 30 2023      0.18           0.20           Beat
 Mar. 31 2023      0.21           0.29           Beat
 Dec. 31 2022      0.20           0.31           Beat