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

Moneylion

06/08/2024 14:52

* MoneyLion Inc  ML.N  reported quarterly adjusted earnings
of 26
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of 18
cents.  The mean expectation of five analysts for the quarter
was for earnings of 15 cents per share. Wall Street expected
results to range from 12 cents to 19 cents per share.
    * Revenue rose 22.8% to $130.85 million from a year ago;
analysts
expected $127.03 million. 
    * MoneyLion Inc's reported EPS for the quarter was 26
cents​.
    * The company reported quarterly net income of $3.14
million.
    * MoneyLion Inc shares had fallen by 18.8% this quarter and
lost 4.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 12.7%
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 financial
technology (fintech) peer group is also "buy"

Wall Street's median 12-month price target for MoneyLion Inc is
$102.50 
This summary was machine generated from LSEG data August 6 at
01:52 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
 Jun. 30 2024      0.15           0.26           Beat
 Mar. 31 2024      -0.08          0.60           Beat
 Dec. 31 2023      -0.43          -0.33          Beat
 Sep. 30 2023      -1.16          -0.40          Beat