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

Remitly Global

22/02/2023 22:45

* Remitly Global Inc  RELY.OQ  reported a quarterly adjusted
loss
of 11 cents​​ per share for the quarter ended in December. The
mean expectation of seven analysts for the quarter was for a
loss of 14 cents per share.
    * Revenue rose 41.2% to $191.03 million from a year ago;
analysts
expected $180.82 million. 
    * Remitly Global Inc's reported EPS for the quarter was a
loss
of 11 cents​.
    * The mean earnings estimate of analysts had fallen by
about 4.4%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Remitly Global Inc shares had risen by 1.0% this quarter.
    * The company reported a quarterly loss of $19.4 million.
    * Wall Street's median 12-month price target for Remitly
Global
Inc is $14.00 
    * 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 from Refinitiv data February
22 at 10:45 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      -0.14          -0.11          Beat
 Sep. 30 2022      -0.14          -0.20          Missed
 Jun. 30 2022      -0.13          -0.23          Missed
 Mar. 31 2022      -0.12          -0.14          Missed