Remitly Global Inc reports results for the quarter ended March 31 - Earnings Summary

Remitly Global

07/05/2025 23:23

Remitly Global Inc RELY.OQ reported quarterly adjusted earnings of 5 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -11 cents.  The mean expectation of ten analysts for the quarter was for a loss of 2 cents per share. Wall Street expected results to range from -4 cents tozero cents per share.

Revenue rose 34.4% to $361.62 million from a year ago; analysts expected $347.69 million.

Remitly Global Inc's reported EPS for the quarter was 5 cents​.

The company reported quarterly net income of $11.35 million.

Remitly Global Inc shares had risen by 1.9% this quarter and lost 6.1% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 27% in the last three months.​

In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the business support services peer group is also "buy"

Wall Street's median 12-month price target for Remitly Global Inc is $25.00

This summary was machine generated from LSEG data May 7 at 10:23 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDING
ESTIMATE
ACTUAL
BEAT, MET, MISSED
Mar. 31 2025
-0.02
0.05
Beat
Dec. 31 2024
-0.09
-0.03
Beat
Sep. 30 2024
-0.07
0.01
Beat
Jun. 30 2024
-0.09
-0.06
Beat