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

Moneylion

07/03/2024 15:50

* MoneyLion Inc  ML.N  reported a quarterly adjusted loss
of 33
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of 6
cents.  The mean expectation of four analysts for the quarter
was for a loss of 43 cents per share. Wall Street expected
results to range from -59 cents to -27 cents per share.
    * Revenue rose 19% to $112.96 million from a year ago;
analysts
expected $112.50 million. 
    * MoneyLion Inc's reported EPS for the quarter was a loss
of 33
cents​.
    * The company reported a quarterly loss of $4.2 million.
    * MoneyLion Inc shares had fallen by 16.2% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.2%
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 4 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the financial
technology (fintech) peer group is also "buy"

Wall Street's median 12-month price target for MoneyLion Inc is
$65.00 
This summary was machine generated from LSEG data March 7 at
03:49 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      -0.43          -0.33          Beat
 Sep. 30 2023      -1.16          -0.40          Beat
 Jun. 30 2023      -1.56          0.18           Beat
 Mar. 31 2023      -1.95          -1.29          Beat