Riskified Ltd reports results for the quarter ended in March - Earnings Summary

Riskified

15/05/2024 14:31

* Riskified Ltd  RSKD.N  reported quarterly adjusted
earnings of 4
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported breakeven
earnings per share.  The mean expectation of nine analysts for
the quarter was for earnings of 2 cents per share. Wall Street
expected results to range from zero cents to 3 cents per share.
    * Revenue rose 10.9% to $76.41 million from a year ago;
analysts
expected $75.15 million. 
    * Riskified Ltd's reported EPS for the quarter was a loss
of 7
cents​.
    * The company reported a quarterly loss of $11.63 million.
    * Riskified Ltd shares had fallen by 0.9% this quarter and
gained 14.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 144.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "hold"

Wall Street's median 12-month price target for Riskified Ltd is
$5.50 
This summary was machine generated from LSEG data May 15 at
01:30 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 2024      0.02           0.04           Beat
 Dec. 31 2023      0.03           0.07           Beat
 Sep. 30 2023      -0.06          -0.02          Beat
 Jun. 30 2023      -0.03          0.00           Beat