Remitly Global Inc expected to post a loss of 14 cents a share - Earnings Preview

Remitly Global

30/04/2024 24:01

* Remitly Global Inc  RELY.OQ   RELY.O  is expected to show
a rise
in quarterly revenue when it reports  results on May 1 for the
period ending March 31 2024
    * The Seattle Washington-based  company is expected to
report a
34.5% increase in revenue to $274.188 million from $203.87
million a year ago, according to the mean estimate from 10
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Remitly Global Inc is
for a
loss of 14 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 1
"hold" and 1 "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 $29.00​, above​ its last closing price of $17.90. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   -0.20       -0.19      -0.19     Met     2.6
 Sep. 30 0001  -0.16       -0.16      -0.20     Missed  -25
 Jun. 30 2023  -0.16       -0.16      -0.11     Beat    33.3​
 Mar. 31 2023  -0.18       -0.18      -0.16     Beat    11.1
 ​​Dec.        -0.17       -0.14      -0.11     Beat    22
 31 2022                                                
 Sep. 30 2022  -0.14       -0.14      -0.20     Missed  -44.7​
 Jun. 30 2022  -0.12       -0.13      -0.23     Missed  -82.1
 Jan. 1 0001   -0.12       -0.12      -0.14     Missed  -13.5
 This summary was machine generated April 29 at 23:01 GMT.  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)