Contextlogic Inc reports results for the quarter ended December 31 - Earnings Summary

• Contextlogic Inc LOGC.OQ reported a quarterly adjusted loss of 8 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of $-2.69. The lone analyst forecast for the quarter was for earnings of 4 cents per share.

• Reported revenue was zero​.

• Contextlogic Inc's reported EPS for the quarter was a loss of 8 cents​.

• The company reported a quarterly loss of $2 million.

• Contextlogic Inc shares had fallen by 0.1% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the investment holding companies peer group is also "hold"

Wall Street's median 12-month price target for Contextlogic Inc is $5.90

This summary was machine generated from LSEG data March 12 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)