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

Moneylion

07/05/2024 15:12

* MoneyLion Inc  ML.N  reported quarterly adjusted earnings
of 60
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of
$-1.29.  The mean expectation of five analysts for the quarter
was for a loss of 8 cents per share. Wall Street expected
results to range from -29 cents to 6 cents per share.
    * Revenue rose 29.2% to $121.01 million from a year ago;
analysts
expected $116.31 million. 
    * MoneyLion Inc's reported EPS for the quarter was 60
cents​.
    * The company reported quarterly net income of $7.08
million.
    * MoneyLion Inc shares had risen by 0.1% this quarter and
gained 13.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 82.9%
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," no
"hold" and 1 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for MoneyLion
Inc is
$95.00 

This summary was machine generated from LSEG data May 7 at 02:12
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
 Mar. 31 2024      -0.08          0.60           Beat
 Dec. 31 2023      -0.43          -0.33          Beat
 Sep. 30 2023      -1.16          -0.40          Beat
 Jun. 30 2023      -1.56          0.18           Beat