Mitek Systems Inc reports results for the quarter ended September 30 - Earnings Summary

Mitek Systems

16/12/2024 22:02

* Mitek Systems Inc  MITK.OQ  reported quarterly adjusted
earnings
of 33 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of 15 cents.  The mean expectation of six analysts
for the quarter was for earnings of 17 cents per share. Wall
Street expected results to range from 15 cents to 19 cents per
share.
    * Revenue rose 14.8% to $43.22 million from a year ago;
analysts
expected $41.31 million. 
    * Mitek Systems Inc's reported EPS for the quarter was 18
cents​.
    * The company reported quarterly net income of $8.57
million.
    * Mitek Systems Inc shares had risen by 1.3% this
quarter and
lost 32.7% 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 5 "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 Mitek Systems Inc
is $13.00 
This summary was machine generated from LSEG data December 16 at
10:01 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 2024      0.17           0.33           Beat
 Jun. 30 2024      0.26           0.25           Missed
 Mar. 31 2024      0.27           0.24           Missed
 Dec. 31 2023      0.18           0.14           Missed