Earnings Preview For Remitly Global
Portfolio Pulse from Benzinga Insights
Remitly Global (NASDAQ:RELY) is set to release its quarterly earnings on October 30, 2024. Analysts expect an EPS of $-0.08. The company previously beat EPS estimates, leading to a 4.01% stock price increase. Despite a 45.09% decline over the past year, analysts rate it as 'Outperform' with a $22 price target, suggesting a 45.21% upside.
October 29, 2024 | 3:02 pm
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Remitly Global is expected to report an EPS of $-0.08. The stock has seen significant volatility post-earnings in the past, with a recent 4.01% increase after beating estimates. Analysts rate it 'Outperform' with a $22 target, suggesting a potential 45.21% upside.
The upcoming earnings report is crucial for Remitly Global, as past earnings have significantly impacted stock prices. The 'Outperform' rating and $22 price target suggest positive sentiment, potentially driving the stock up if earnings meet or exceed expectations.
CONFIDENCE 90
IMPORTANCE 80
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