-$0.07 Earnings Per Share Expected for Riskified Ltd (NYSE:RSKD) This Quarter

Brokerages forecast that Riskified Ltd (NYSE:RSKD) will announce earnings per share of ($0.07) for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Riskified’s earnings, with the highest EPS estimate coming in at ($0.05) and the lowest estimate coming in at ($0.09). The company is expected to announce its next quarterly earnings results on Tuesday, February 15th.

On average, analysts expect that Riskified will report full year earnings of ($0.62) per share for the current financial year, with EPS estimates ranging from ($0.90) to ($0.33). For the next fiscal year, analysts expect that the firm will post earnings of ($0.41) per share, with EPS estimates ranging from ($0.42) to ($0.39). Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Riskified.

Riskified (NYSE:RSKD) last issued its earnings results on Monday, November 15th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.40) by $0.32. Riskified had a negative net margin of 71.67% and a negative return on equity of 106.42%. The company had revenue of $52.53 million for the quarter, compared to analyst estimates of $51.04 million.

RSKD has been the topic of a number of recent research reports. The Goldman Sachs Group began coverage on shares of Riskified in a report on Friday, December 10th. They issued a “sell” rating and a $9.00 price objective on the stock. KeyCorp reduced their target price on shares of Riskified from $18.00 to $10.00 and set an “overweight” rating for the company in a research report on Friday. Piper Sandler reduced their target price on shares of Riskified from $17.00 to $14.00 and set a “neutral” rating for the company in a research report on Wednesday. Zacks Investment Research raised shares of Riskified from a “sell” rating to a “hold” rating in a research report on Wednesday, November 10th. Finally, Credit Suisse Group lowered their target price on Riskified from $34.00 to $22.00 and set an “outperform” rating for the company in a research note on Wednesday, November 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Riskified presently has a consensus rating of “Buy” and an average price target of $24.67.

Several institutional investors and hedge funds have recently modified their holdings of RSKD. Phoenix Holdings Ltd. purchased a new position in shares of Riskified during the 3rd quarter valued at about $142,253,000. General Atlantic L.P. purchased a new position in Riskified in the 3rd quarter worth approximately $121,463,000. Alliancebernstein L.P. purchased a new position in Riskified in the 3rd quarter worth approximately $50,561,000. Granahan Investment Management Inc. MA purchased a new position in Riskified in the 3rd quarter worth approximately $25,708,000. Finally, Lord Abbett & CO. LLC purchased a new position in Riskified in the 3rd quarter worth approximately $23,791,000. Hedge funds and other institutional investors own 21.46% of the company’s stock.

RSKD stock traded down $0.04 during mid-day trading on Friday, hitting $6.56. 1,003,226 shares of the company were exchanged, compared to its average volume of 1,304,779. The business has a 50 day simple moving average of $10.01. Riskified has a 1-year low of $6.32 and a 1-year high of $40.48.

Riskified Company Profile

Riskified Ltd. provides fraud management platform enabling frictionless eCommerce. The company’s platform identifies the individual behind each online interaction, helping merchants Riskified’s customers eliminate risk and uncertainty from their business. Riskified Ltd. is based in NEW YORK.

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