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

Remitly Global

02/08/2023 23:36

* Remitly Global Inc  RELY.OQ  reported a quarterly adjusted
loss
of 11 cents​​ per share for the quarter ended in June. The mean
expectation of seven analysts for the quarter was for a loss
of 16 cents per share.
    * Revenue rose 48.8% to $234.03 million from a year ago;
analysts
expected $215.81 million. 
    * Remitly Global Inc's reported EPS for the quarter was a
loss
of 11 cents​.
    * The mean earnings estimate of analysts had risen by
about 4.3%
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 4.5% this
quarter and
gained 71.8% so far this year.
    * The company reported a quarterly loss of $18.85 million.
    * Wall Street's median 12-month price target for Remitly
Global
Inc is $21.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 2 at 10:35 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.16          -0.11          Beat
 Mar. 31 2023      -0.18          -0.16          Beat
 Dec. 31 2022      -0.14          -0.11          Beat
 Sep. 30 2022      -0.14          -0.20          Missed