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

Remitly Global

02/11/2023 19:24

* Remitly Global Inc  RELY.OQ  reported a quarterly adjusted
loss
of 20 cents​​ per share for the quarter ended in September,
identical to the same quarter last year.  The mean expectation
of seven analysts for the quarter was for a loss of 16 cents per
share. Wall Street expected results to range from -17 cents
to -15 cents per share.
    * Revenue rose 42.8% to $241.63 million from a year ago;
analysts
expected $239.19 million. 
    * Remitly Global Inc's reported EPS for the quarter was a
loss
of 20 cents​.
    * The company reported a quarterly loss of $35.66 million.
    * Remitly Global Inc shares had risen by 9.4% this
quarter and
gained 141.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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." 
    * Wall Street's median 12-month price target for Remitly
Global
Inc is $30.00 

This summary was machine generated from LSEG data November 2 at
07:24 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -0.16          -0.20          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