Riskified (RSKD) Scheduled to Post Earnings on Wednesday

Riskified (NYSE:RSKD) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, November 13th. Analysts expect Riskified to post 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 issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.02. Riskified had a negative net margin of 14.57% and a negative return on equity of 8.33%. The company had revenue of $78.73 million during the quarter, compared to analysts’ expectations of $78.33 million. On average, analysts expect Riskified to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Riskified Price Performance

Shares of Riskified stock opened at $4.55 on Tuesday. The company has a market capitalization of $811.15 million, a price-to-earnings ratio of -17.50 and a beta of 1.36. The business has a fifty day simple moving average of $4.61 and a two-hundred day simple moving average of $5.41. Riskified has a 1 year low of $3.75 and a 1 year high of $6.64.

Analysts Set New Price Targets

RSKD has been the topic of a number of recent analyst reports. UBS Group cut their price objective on Riskified from $6.00 to $4.75 and set a “neutral” rating on the stock in a research note on Thursday, August 15th. DA Davidson upgraded Riskified to a “hold” rating in a report on Wednesday, September 11th. JPMorgan Chase & Co. boosted their target price on shares of Riskified from $6.00 to $7.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. Truist Financial reduced their price objective on Riskified from $8.00 to $7.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Finally, Piper Sandler dropped their target price on Riskified from $8.00 to $7.00 and set an “overweight” rating on the stock in a research report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $6.03.

Riskified Company Profile

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.