WM Technology Inc reports results for the quarter ended in June - Earnings Summary

WM Technology

09/08/2024 12:18

* WM Technology Inc  MAPS.OQ  reported quarterly adjusted
earnings
of 1 cent​​ per share for the quarter ended in June, identical
to the same quarter last year.  The mean expectation of
two analysts for the quarter was for earnings of 2 cents per
share. 
    * Revenue fell 9.7% to $45.90 million from a year ago;
analysts
expected $43.00 million. 
    * WM Technology Inc's reported EPS for the quarter was 1
cent​.
    * The company reported quarterly net income of $716
thousand.
    * WM Technology Inc shares had fallen by 9.5% this
quarter and
gained 30.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 20% 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 1 "strong buy" or "buy," 2
"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 WM Technology Inc
is $1.96 
This summary was machine generated from LSEG data August 9 at
11:18 a.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
 Jun. 30 2024      0.02           0.01           Missed
 Mar. 31 2024      0.01           0.01           Met
 Dec. 31 2023      0.01           -0.08          Missed
 Sep. 30 2023      -0.03          -0.02          Beat