Chime Financial Inc reports results for the quarter ended June 30 - Earnings Summary

• Chime Financial Inc CHYM.OQ reported a quarterly adjusted loss of $7.29​​ per share for the quarter ended June 30. The mean expectation of nine analysts for the quarter was for a loss of $7.35 per share. Wall Street expected results to range from $-7.43 to $-7.26 per share.

• Revenue was $528.15 million​; analysts expected $495.21 million.

• Chime Financial Inc's reported EPS for the quarter was a loss of $7.29​.

• The company reported a quarterly loss of $923.38 million.

• Chime Financial Inc shares had fallen by 3.0% this quarter.

FORECAST CHANGES

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the financial technology (fintech) peer group is also "buy"

• Wall Street's median 12-month price target for Chime Financial Inc is $38.00, about 10.9% above its last closing price of $33.86

This summary was machine generated from LSEG data August 8 at 04:11 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)