Mitek Systems Inc reports results for the quarter ended September 30 - Earnings Summary

• Mitek Systems Inc MITK.OQ reported quarterly adjusted earnings of 33 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 15 cents. The mean expectation of six analysts for the quarter was for earnings of 17 cents per share. Wall Street expected results to range from 15 cents to 19 cents per share.

• Revenue rose 14.8% to $43.22 million from a year ago; analysts expected $41.31 million.

• Mitek Systems Inc's reported EPS for the quarter was 18 cents​.

• The company reported quarterly net income of $8.57 million.

• Mitek Systems Inc shares had risen by 1.3% this quarter and lost 32.7% so far this year.

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 5 "strong buy" or "buy," 1 "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 Mitek Systems Inc is $13.00

This summary was machine generated from LSEG data December 16 at 10:01 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)