Remitly Global Inc expected to post a loss of 16 cents a share - Earnings Preview

Remitly Global

31/10/2023 24:14

* Remitly Global Inc  RELY.OQ   RELY.O  is expected to show
a rise
in quarterly revenue when it reports  results 
    * The Seattle Washington-based  company is expected to
report  a
41.3% increase in revenue to $239.195 million from $169.26
million a year ago, 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 16 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 $31​, above​ its last closing price of $26.11. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 31 2022  -0.17       -0.14      -0.11     Beat    22​
 Sep. 30 2022  -0.14       -0.14      -0.20     Missed  -44.7
 ​​Jun.        -0.12       -0.13      -0.23     Missed  -82.1
 30 2022                                                
 Mar. 31 2022  -0.12       -0.12      -0.14     Missed  -13.5​
 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 October 31 at 00:14 GMT.  All
figures in US dollars  unless otherwise stated