MoneyLion Inc reports results for the quarter ended in September 30 - Earnings Summary

Moneylion

07/11/2024 17:19

* MoneyLion Inc  ML.N  reported a quarterly adjusted loss
of 25
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of -40 cents.  The mean expectation of six analysts for the
quarter was for earnings of 21 cents per share. Wall Street
expected results to range from 6 cents to 35 cents per share.
    * Revenue rose 22.9% to $135.47 million from a year ago;
analysts
expected $135.21 million. 
    * MoneyLion Inc's reported EPS for the quarter was a loss
of 25
cents​.
    * The company reported a quarterly loss of $2.79 million.
    * MoneyLion Inc shares had risen by 33.5% this quarter and
lost 11.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 16.3%
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," 2
"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
$87.50 
This summary was machine generated from LSEG data November 7 at
05:18 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      0.21           -0.25          Missed
 Jun. 30 2024      0.15           0.26           Beat
 Mar. 31 2024                     0.60           
 Dec. 31 2023      -0.43          -0.33          Beat