System1 Inc reports results for the quarter ended June 30 - Earnings Summary

• System1 Inc SST.N reported a quarterly adjusted loss of $2.23​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $-3.80. The lone analyst forecast for the quarter was for a loss of $2.60 per share.

• Revenue fell 17.4% to $78.12 million from a year ago; analysts expected $73.35 million.

• System1 Inc's reported EPS for the quarter was a loss of $2.23​.

• The company reported a quarterly loss of $17.46 million.

• System1 Inc shares had risen by 6.5% this quarter and lost 34.4% so far this year.

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 "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 it services & consulting peer group is also "buy"

• Wall Street's median 12-month price target for System1 Inc is $50.00, about 88.2% above its last closing price of $5.89

This summary was machine generated from LSEG data August 8 at 05:57 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)