* Remitly Global Inc reported quarterly adjusted earnings of 1 cent​​ per share for the quarter ended January 1, higher than the same quarter last year, when the company reported EPS of -20 cents. The mean expectation of ten analysts for the quarter was for a loss of 7 cents per share. Wall Street expected results to range from -10 cents to -5 cents per share.

* Revenue rose 39.3% to $336.53 million from a year ago; analysts expected $320.74 million.

* Remitly Global Inc's reported EPS for the quarter was 1 cent​.

* The company reported quarterly net income of $1.92 million.

* Remitly Global Inc shares had risen by 11.4% this quarter and lost 23.2% so far this year.

FORECAST CHANGES

* The mean earnings estimate of analysts had fallen by about 1.3% in the last three months.​

* In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," 1 "hold" and 1 "sell" or "strong sell."

* The average consensus recommendation for the business support services peer group is also "buy"

Wall Street's median 12-month price target for Remitly Global Inc is $21.00 This summary was machine generated from LSEG data October 31 at 02:35 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

Sep. 30 2024 -0.07 0.01 Beat

Jun. 30 2024 -0.09 -0.06 Beat

Mar. 31 2024 -0.14 -0.11 Beat

Dec. 31 2023 -0.19 -0.19 Met