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

• Ibotta Inc IBTA.N reported quarterly adjusted earnings of 8 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $-1.32. The mean expectation of eight analysts for the quarter was for earnings of 19 cents per share. Wall Street expected results to range from 15 cents to 26 cents per share.

• Revenue fell 2.2% to $86.03 million from a year ago; analysts expected $90.52 million.

• Ibotta Inc's reported EPS for the quarter was 8 cents​.

• The company reported quarterly net income of $2.49 million.

• Ibotta Inc shares had fallen by 10.1% this quarter and lost 49.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 4.9% 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 5 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the online services peer group is also "buy"

• Wall Street's median 12-month price target for Ibotta Inc is $58.00, about 41.6% above its last closing price of $33.88

This summary was machine generated from LSEG data August 13 at 09:00 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)