MarketWise Inc reports results for the quarter ended March 31 - Earnings Summary

• MarketWise Inc MKTW.OQ reported quarterly adjusted earnings of 41 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 80 cents. The lone analyst forecast for the quarter was for a loss of 99 cents per share.

• Revenue fell 23.4% to $83.51 million from a year ago; analysts expected $78.99 million.

• MarketWise Inc's reported EPS for the quarter was 41 cents​.

• The company reported quarterly net income of $890 thousand.

• MarketWise Inc shares had risen by 54.1% this quarter and gained 40.6% so far this year.

FORECAST CHANGES

• 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 professional information services peer group is also "hold"

• Wall Street's median 12-month price target for MarketWise Inc is $12.00

This summary was machine generated from LSEG data May 13 at 11:59 a.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)