Riskified (RSKD) Set to Announce Quarterly Earnings on Wednesday

Riskified (NYSE:RSKD) is set to announce its earnings results before the market opens on Wednesday, November 13th. Analysts expect the company to announce earnings of $0.02 per share for the quarter. Riskified has set its FY 2024 guidance at EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

Riskified (NYSE:RSKD) last announced its earnings results on Wednesday, August 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.02. The company had revenue of $78.73 million during the quarter, compared to analysts’ expectations of $78.33 million. Riskified had a negative net margin of 14.57% and a negative return on equity of 8.33%. On average, analysts expect Riskified to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Riskified Trading Up 0.9 %

Shares of RSKD opened at $4.51 on Wednesday. The stock has a market cap of $804.00 million, a P/E ratio of -17.35 and a beta of 1.36. The company has a 50-day moving average of $4.66 and a two-hundred day moving average of $5.42. Riskified has a 12-month low of $3.75 and a 12-month high of $6.64.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on RSKD shares. Barclays cut their target price on shares of Riskified from $6.00 to $5.00 and set an “equal weight” rating for the company in a research report on Friday, August 16th. Truist Financial cut their price objective on shares of Riskified from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. JPMorgan Chase & Co. boosted their price objective on shares of Riskified from $6.00 to $7.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. Piper Sandler cut their price objective on shares of Riskified from $8.00 to $7.00 and set an “overweight” rating for the company in a research report on Thursday, August 15th. Finally, The Goldman Sachs Group cut their price objective on shares of Riskified from $6.00 to $4.50 and set a “sell” rating for the company in a research report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $6.03.

About Riskified

Riskified Ltd., together with its subsidiaries, develops and offers an e-commerce risk management platform that allows online merchants to create trusted relationships with consumers in the United States, Europe, the Middle East, Africa, the Asia-Pacific, and the Americas. It offers Chargeback Guarantee that ensures the legitimacy of merchants' online orders; Policy Protect, a machine learning solution designed to detect and prevent refund and returns policy abuse in real-time; Account Secure, a solution that cross-checks every login attempt; Dispute Resolve, which is used to compile submissions for fraud and non-fraud related chargeback issues; and PSD2 Optimize that helps merchants avoid bank authorization failures and abandoned shopping carts.