* ContextLogic Inc reported a quarterly adjusted loss of $2.43 per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of $-3.83. The lone analyst forecast for the quarter was for a loss of $2.10 per share.
* Revenue fell 62.5% to $36.00 million from a year ago; analysts expected $40.51 million.
* ContextLogic Inc's reported EPS for the quarter was a loss of $2.43.
* The company reported a quarterly loss of $59 million.
* ContextLogic Inc shares had fallen by 6.9% this quarter and lost 10.9% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 5.2% 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 no "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the investment holding companies peer group is also "hold"
Wall Street's median 12-month price target for ContextLogic Inc is $6.10 This summary was machine generated from LSEG data May 9 at 08:12 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 -2.10 -2.43 Missed
Dec. 31 2023 -2.66 -2.69 Missed
Sep. 30 2023 -3.31 -3.35 Missed
Jun. 30 2023 -3.74 -3.38 Beat
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