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

Remitly Global

06/05/2022 23:35

* Remitly Global Inc  RELY.OQ  reported a quarterly adjusted
loss
of 14 cents​​ per share for the quarter ended in March. The mean
expectation of seven analysts for the quarter was for a loss
of 12 cents per share.
    * Revenue was $136.01 million​;  analysts expected $136.44
million. 
    * Remitly Global Inc's reported EPS for the quarter was a
loss
of 14 cents​.
    * The mean earnings estimate of analysts had fallen by
about 2.8%
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 5.3% this
quarter and
lost 49.6% so far this year.
    * The company reported a quarterly loss of $23.31 million.
    * Wall Street's median 12-month price target for Remitly
Global
Inc is $20.00 
    * 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 May 6 at 10:35 p.m.  ​All
figures in US dollars unless otherwise stated