MeridianLink Inc MLNK.N reported quarterly adjusted earnings of 6 cents per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 10 cents. The mean expectation of eight analysts for the quarter was for earnings of 8 cents per share. Wall Street expected results to range from 4 cents to 13 cents per share.
Revenue rose 5.1% to $80.37 million from a year ago; analysts expected $79.97 million.
MeridianLink Inc's reported EPS for the quarter was a loss of 9 cents.
The company reported a quarterly loss of $7.05 million.
MeridianLink Inc shares had risen by 18.7% this quarter and lost 1.4% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 2.5% 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 "hold" and the breakdown of recommendations is 3 "strong buy" or "buy," 3 "hold" and 2 "sell" or "strong sell."
The average consensus recommendation for the financial technology (fintech) peer group is also "hold"
Wall Street's median 12-month price target for MeridianLink Inc is 23.00
This summary was machine generated from LSEG data November 8 at 04:29 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 |
Sep. 30 2024 | 0.08 | 0.06 | Missed |
Jun. 30 2024 | 0.08 | 0.04 | Missed |
Mar. 31 2024 | 0.07 | 0.06 | Missed |
Dec. 31 2023 | -0.07 | -0.29 | Missed |