Remitly Global Inc expected to post a loss of 12  cents a share - Earnings Preview

Remitly Global

04/05/2022 03:03

* Remitly Global Inc  RELY.OQ   RELY.O  is expected
to report
results on May 5.
    * The Seattle Washington-based  company is expected to
report
revenue of $136.439 million, according to the mean estimate from
6 analysts, based on Refinitiv data.  
    * ​Refinitiv's mean analyst estimate for Remitly Global Inc
is for
a loss of 12 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Remitly
Global
Inc is $20.5​, above​ its last closing price of $11.43. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2021  -0.09       -0.10      -0.10     Met     1.8
 Sep. 30 2021  -0.08       -0.08      -0.19     Missed  -137
                                                        ​
 ​​                                                     
                                                        ​
 This summary was machine generated May 4 at 02:03 GMT.  All
figures in US dollars  unless otherwise stated