Remitly Global, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next [Yahoo! Finance]
Remitly Global, Inc. (RELY)
US:NASDAQ Investor Relations:
realindustryinc.com
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Source: Yahoo! Finance
It was overall a positive result, with revenues beating expectations by 5.0% to hit US$337m. Remitly Global also reported a statutory profit of US$0.01, which was a nice improvement from the loss that the analysts were predicting. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Remitly Global after the latest results. Check out our latest analysis for Remitly Global Following the latest results, Remitly Global's eight analysts are now forecasting revenues of US$1.56b in 2025. This would be a sizeable 33% improvement in revenue compared to the last 12 months. The loss per share is expected to greatly reduce in the near future, narrowing 71% to US$0.098. Yet prior to the latest earni
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RELY
News
- Remitly Global, Inc. (NASDAQ: RELY) had its price target raised by analysts at Barclays PLC from $16.00 to $20.00. They now have an "overweight" rating on the stock.MarketBeat
- Remitly Global Stock Was Soaring This Week: Here's Why [Yahoo! Finance]Yahoo! Finance
- Remitly Global Third Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Remitly Global, Inc. (NASDAQ: RELY) had its price target raised by analysts at JMP Securities from $22.00 to $25.00. They now have a "market outperform" rating on the stock.MarketBeat
- Remitly Global, Inc. (NASDAQ: RELY) had its price target raised by analysts at KeyCorp from $20.00 to $21.00. They now have an "overweight" rating on the stock.MarketBeat
RELY
Earnings
- 10/30/24 - Beat
RELY
Sec Filings
- 10/30/24 - Form 10-Q
- 10/30/24 - Form 8-K
- 10/24/24 - Form SC
- RELY's page on the SEC website