Brokerages Expect Riskified Ltd (NYSE:RSKD) Will Post Earnings of -$0.07 Per Share

Analysts expect Riskified Ltd (NYSE:RSKD) to post earnings of ($0.07) per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Riskified’s earnings. The lowest EPS estimate is ($0.09) and the highest is ($0.05). The business is scheduled to announce its next quarterly earnings report on Tuesday, February 15th.

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

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

Several research firms recently commented on RSKD. The Goldman Sachs Group initiated coverage on Riskified in a report on Friday, December 10th. They issued a “sell” rating and a $9.00 target price on the stock. Credit Suisse Group decreased their target price on shares of Riskified from $34.00 to $22.00 and set an “outperform” rating for the company in a research note on Wednesday, November 17th. Zacks Investment Research upgraded shares of Riskified from a “sell” rating to a “hold” rating in a research report on Wednesday, November 10th. Piper Sandler reduced their price objective on shares of Riskified from $17.00 to $14.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, KeyCorp dropped their target price on shares of Riskified from $18.00 to $10.00 and set an “overweight” rating for the company in a report on Friday. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $24.67.

Institutional investors and hedge funds have recently made changes to their positions in the business. TimesSquare Capital Management LLC acquired a new position in shares of Riskified during the 3rd quarter valued at $19,761,000. Pelham Global Financials Ltd. acquired a new position in shares of Riskified during the 3rd quarter valued at $3,057,000. Kornitzer Capital Management Inc. KS acquired a new position in shares of Riskified during the 3rd quarter valued at $19,933,000. Stratos Wealth Partners LTD. purchased a new stake in Riskified during the 3rd quarter worth $291,000. Finally, Phoenix Holdings Ltd. purchased a new stake in Riskified during the 3rd quarter worth $142,253,000. Institutional investors own 21.46% of the company’s stock.

Shares of Riskified stock traded down $0.04 during trading hours on Friday, reaching $6.56. 1,003,226 shares of the company were exchanged, compared to its average volume of 1,304,779. The firm has a fifty day 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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