Remitly Global Inc reports results for the quarter ended in December - Earnings Summary

Remitly Global

03/03/2022 06:13

* Remitly Global Inc  RELY.OQ  reported a quarterly adjusted
loss
of 10 cents​​ per share for the quarter ended in December. The
mean expectation of seven analysts for the quarter was for a
loss of 10 cents per share.
    * Revenue was $135.26 million​;  analysts expected $125.35
million. 
    * Remitly Global Inc's reported EPS for the quarter was a
loss
of 10 cents​.
    * The mean earnings estimate of analysts had risen by
about 5.9%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * Remitly Global Inc shares had fallen by 47.1% this
quarter.
    * The company reported a quarterly loss of $16.58 million.
    * Wall Street's median 12-month price target for Remitly
Global
Inc is $35.00 
    * 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." 

This summary was machine generated March 3 at 06:13 a.m.  ​All
figures in US dollars unless otherwise stated