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

• WM Technology Inc MAPS.OQ reported quarterly adjusted earnings of 7 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 1 cents. The mean expectation of two analysts for the quarter was for earnings of 4 cents per share.

• Revenue fell 2.3% to $44.85 million from a year ago; analysts expected $45.05 million.

• WM Technology Inc's reported EPS for the quarter was 1 cent​.

• The company reported quarterly net income of $1.43 million.

• WM Technology Inc shares had risen by 0.7% this quarter and lost 34.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen 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," 1 "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 WM Technology Inc is $2.61, about 65.4% above its last closing price of $0.90

This summary was machine generated from LSEG data August 8 at 06:14 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)