Urgent.ly Inc reports results for the quarter ended March 31 - Earnings Summary

• Urgent.ly Inc ULY.OQ reported a quarterly adjusted loss of $4.82​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $-8.64. The lone analyst forecast for the quarter was for a loss of $2.88 per share.

• Revenue fell 22% to $31.27 million from a year ago; analysts expected $31.10 million.

• Urgent.ly Inc's reported EPS for the quarter was a loss of $4.69​.

• The company reported a quarterly loss of $5.48 million.

• Urgent.ly Inc shares had risen by 109.6% this quarter and gained 60.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 33.3% 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 "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the software peer group is also "buy"

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

This summary was machine generated from LSEG data May 13 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)