Analysts Adjust Riskified Expectations Before Quarterly Report
Anticipating Riskified's Earnings Release
Riskified Ltd (NYSE: RSKD) is scheduled to release its earnings results for the second quarter before the opening bell. Analysts are keenly watching how the New York-based company performs in this reporting period, especially following the previous quarter's results.
Quarterly Earnings Expectations
Analysts are projecting that Riskified will report quarterly earnings of 2 cents per share, a decrease from 4 cents per share compared to the same period last year. However, the company is expected to see growth in revenue, with an anticipated total of $80.37 million, which would be an increase over the $78.73 million reported a year ago.
Performance Insights
In recent months, Riskified showcased solid performance by exceeding expectations in its first-quarter earnings. Following the announcement, the stock experienced a slight decline of 1.5%, closing at $5.11 recently. This minor dip might be a point of discussion among investors as they wait for the upcoming results.
Analyst Ratings and Expectations
Several analysts have recently shared their insights regarding Riskified's stock. DA Davidson analyst Gil Luria has maintained a Buy rating while increasing the price target from $6 to $6.5. His accuracy rate stands at 63%, which adds weight to his recommendations.
Other Analysts' Views
On the other hand, Clarke Jeffries from Piper Sandler continues to hold an Overweight rating, setting a price target of $7. His predictions reflect a 60% accuracy rate. Conversely, Reginald Smith of JP Morgan has downgraded his outlook, maintaining a Neutral rating and adjusting his price target down from $7 to $6.
What Investors Should Consider
For those considering adding RSKD stock to their portfolio, understanding these ratings can provide useful context. The differing perspectives of analysts highlight the volatility and potential opportunities that may arise in the market as Riskified prepares for its earnings announcement.
The Road Ahead for Riskified
As the upcoming earnings release approaches, the focus remains on how Riskified will navigate the competitive landscape. This quarter will be critical for setting the tone for the company’s future, especially amid rising analyst scrutiny and changing market dynamics.
Frequently Asked Questions
What is the expected earnings per share for Riskified?
Analysts expect Riskified to report earnings of 2 cents per share for the upcoming quarter.
How does the current revenue forecast compare to last year?
This year, Riskified is projected to generate $80.37 million in revenue, up from $78.73 million last year.
What was the stock’s recent performance?
Recently, Riskified shares experienced a 1.5% drop, closing at $5.11.
What are the analyst ratings for RSKD?
Analyst ratings for RSKD include a Buy from DA Davidson and an Overweight from Piper Sandler, while JP Morgan holds a Neutral rating.
Why is the earnings report important for Riskified?
The earnings report is crucial as it will indicate the company's financial health and future growth potential in a competitive market.
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