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

• MeridianLink Inc MLNK.N reported quarterly adjusted earnings of 13 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 4 cents. The mean expectation of seven analysts for the quarter was for earnings of 10 cents per share. Wall Street expected results to range from 7 cents to 12 cents per share.

• Revenue rose 7.5% to $84.60 million from a year ago; analysts expected $81.65 million.

• MeridianLink Inc's reported EPS for the quarter was a loss of 4 cents​.

• The company reported a quarterly loss of $3.01 million.

• MeridianLink Inc shares had fallen by 2.2% this quarter and lost 23.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.5% 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 "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 5 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the financial technology (fintech) peer group is "buy."

• Wall Street's median 12-month price target for MeridianLink Inc is $19.13, about 3.4% above its last closing price of $19.78

This summary was machine generated from LSEG data August 11 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)