Cardlytics, a leading company in the financial sector, is set to unveil its quarterly earnings report on March 14, 2024. Analysts are predicting an EPS of $0.12 for the company. It is essential for investors to not only focus on whether Cardlytics surpasses this estimate but also on any positive guidance given for the next quarter, as this can have a significant impact on stock prices.
Looking back, Cardlytics fell short of its EPS estimate last quarter, resulting in a sharp 54.45% decline in share price the following day. However, over the past 52 weeks, Cardlytics shares have shown a promising upward trend, with a 157.57% increase, reflecting optimism among long-term shareholders. As of March 12, shares of Cardlytics were trading at $8.65.
In the third quarter of 2023, Cardlytics reported revenue of $79.0 million, with year-over-year increases in various metrics. For the fourth quarter of 2023, Cardlytics is expecting billings, revenue, adjusted contribution, and adjusted EBITDA to fall within specific ranges. The average price target for Cardlytics Inc is $12.50 based on three Wall Street analysts’ 12-month price targets.
In conclusion, investors should keep a close eye on Cardlytics’s upcoming earnings report to gain insights into its financial performance and future prospects.
CDLX Stock Shows Positive Momentum with 1.27% Increase – Investors Advised to Monitor Performance Closely
On March 13, 2024, CDLX stock showed some positive momentum as it closed the trading day with a 1.27% increase in its share price. Throughout the trading day, the price of CDLX shares increased by $0.11. Despite this increase, CDLX is currently trading in the middle of its 52-week range and below its 200-day simple moving average. Investors may want to keep a close eye on CDLX’s performance in the coming days to see if the positive momentum continues or if the stock experiences a reversal. It is important to consider both short-term price movements and long-term trends when making investment decisions. It is recommended that investors conduct thorough research and analysis before making any investment decisions.
CDLX Stock Performance Analysis: Revenue Up, Net Income Down – March 13, 2024
On March 13, 2024, CDLX stock showed mixed performances based on the financial data provided by CNN Money. The total revenue for the company was reported at $298.54 million for the past year, showing an increase of 11.76% compared to the previous year. The total revenue for the third quarter was $79.00 million, representing a 3.0% increase since the previous quarter.
However, the net income for CDLX was not as positive, with a reported loss of $465.26 million for the past year and a loss of $23.97 million for the third quarter. This represents a significant decrease of 261.89% in net income since the previous year, although there was a slight increase of 1.95% since the previous quarter.
The earnings per share (EPS) for CDLX also showed a decline, with a reported EPS of -$13.92 for the past year and -$0.63 for the third quarter. This represents a decrease of 248.72% in EPS since the previous year, although there was a slight increase of 6.38% since the previous quarter.
Overall, the financial performance of CDLX on March 13, 2024, was a mixed bag. Investors may want to closely monitor future financial reports and company announcements to gauge the company’s financial health and potential for growth in the future.
