ContextLogic Inc expected to post a loss of $2.10 a share - Earnings Preview

Reuters2024-05-07

* ContextLogic Inc is expected to show a fall in quarterly revenue when it reports results on May 8 for the period ending January 1 0001

* The Oakland California-based company is expected to report a 57.8% decrease in revenue to $40.51 million from $96 million a year ago, according to the estimate from one analyst, based on LSEG data.

* LSEG's mean analyst estimate for ContextLogic Inc is for a loss of $2.10 per share.

* The one available analyst rating on the shares is "hold".

* The mean earnings estimate of analysts had risen by about 10.9% in the last three months.

* Wall Street's median 12-month price target for ContextLogic Inc is $5.90, above its last closing price of $5.24.

This summary was machine generated May 7 at 02:08 GMT. 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)

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