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Oct 29, 2024 11:10 AM

Earnings Preview For Remitly Global

Remitly Global (NASDAQ:RELY) will release its quarterly earnings report on Wednesday, 2024-10-30. Here's a brief overview for investors ahead of the announcement.

Analysts anticipate Remitly Global to report an earnings per share (EPS) of $-0.08.

Investors in Remitly Global are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.

It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.

Past Earnings Performance

Last quarter the company beat EPS by $0.05, which was followed by a 4.01% increase in the share price the next day.

Here's a look at Remitly Global's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

-0.11

-0.14

-0.20

-0.16

EPS Actual

-0.06

-0.11

-0.19

-0.20

Price Change %

4.0%

-12.0%

18.0%

-32.0%

Stock Performance

Shares of Remitly Global were trading at $15.15 as of October 28. Over the last 52-week period, shares are down 45.09%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

Analysts' Perspectives on Remitly Global

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Remitly Global.

Analysts have provided Remitly Global with 4 ratings, resulting in a consensus rating of Outperform. The average one-year price target stands at ...

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