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

Remitly Global

02/11/2022 21:03

* Remitly Global Inc  RELY.OQ  reported a quarterly adjusted
loss
of 20 cents​​ per share for the quarter ended in September. The
mean expectation of seven analysts for the quarter was for a
loss of 14 cents per share.
    * Revenue rose 39.6% to $169.26 million from a year ago;
analysts
expected $162.86 million. 
    * Remitly Global Inc's reported EPS for the quarter was a
loss
of 20 cents​.
    * The mean earnings estimate of analysts had fallen by
about 47.3%
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 5.0% this
quarter and
lost 43.4% so far this year.
    * The company reported a quarterly loss of $33.07 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 November
2 at 09:03 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      -0.14          -0.20          Missed
 Jun. 30 2022      -0.13          -0.23          Missed
 Mar. 31 2022      -0.12          -0.14          Missed
 Dec. 31 2021      -0.10          -0.10          Met