Urgent.ly Inc reports results for the quarter ended in March - Earnings Summary

Urgent.ly

13/05/2024 22:45

* Urgent.ly Inc  ULY.OQ  reported a quarterly adjusted loss
of 72
cents​​ per share for the quarter ended in March.  The lone
analyst forecast for the quarter was for a loss of 92 cents per
share. 
    * Revenue was $40.09 million​; analysts expected $36.60
million. 
    * Urgent.ly Inc's reported EPS for the quarter was a loss
of 97
cents​.
    * The company reported a quarterly loss of $13.02 million.
    * Urgent.ly Inc shares had risen by 26.1% this quarter and
lost 25.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 73.6%
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 "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Urgent.ly Inc is
$5.00 
This summary was machine generated from LSEG data May 13 at
09:44 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      -0.92          -0.72          Beat
 Dec. 31 2023      -1.11          6.42           Beat