System1 Inc reports results for the quarter ended in December - Earnings Summary

System1

18/03/2024 13:02

* System1 Inc  SST.N  reported a quarterly adjusted loss
of 21
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of -30
cents.  The lone analyst forecast for the quarter was for a loss
of 33 cents per share. 
    * Revenue fell 48.6% to $96.12 million from a year ago;
analysts
expected $93.81 million. 
    * System1 Inc's reported EPS for the quarter was a loss
of 30
cents​.
    * The company reported a quarterly loss of $27.63 million.
    * System1 Inc shares had fallen by 35.1% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for System1 Inc
is
$4.00 

This summary was machine generated from LSEG data March 18 at
01:01 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
 Dec. 31 2023      -0.33          -0.21          Beat
 Sep. 30 2023      -0.46          -0.21          Beat
 Jun. 30 2023      -0.41          -0.38          Beat
 Mar. 31 2023      -0.24          -0.37          Missed