Remitly Global Inc expected to post a loss of 18 cents a share - Earnings Preview

Remitly Global

02/05/2023 03:03

* Remitly Global Inc  RELY.OQ   RELY.O  is expected to show
a rise
in quarterly revenue when it reports  results on May 3. 
    * The Seattle Washington-based  company is expected to
report  a
44.7% increase in revenue to $196.783 million from $136.01
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 18 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 1
"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​, above​ its last closing price of $17.31. ​​​

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 2022  -0.17       -0.14      -0.11     Beat    22
 Sep. 30 2022  -0.14       -0.14      -0.20     Missed  -44.7
 Jun. 30 2022  -0.12       -0.13      -0.23     Missed  -82.1​
 Mar. 31 2022  -0.12       -0.12      -0.14     Missed  -13.5
 ​​Dec.        -0.09       -0.10      -0.10     Met     1.8
 31 2021                                                
 Sep. 30 2021  -0.08       -0.08      -0.19     Missed  -137​
 This summary was machine generated May 2 at 02:03 GMT.  All
figures in US dollars  unless otherwise stated