ContextLogic Inc. closed at $0.76 in the latest trading session, marking a -0.03% move from the prior day. This change lagged the S&P 500's daily gain of 1.14%. At the same time, the Dow added 1.12%, and the tech-heavy Nasdaq gained 0.04%.
ContextLogic Inc. will be looking to display strength as it nears its next earnings release, which is expected to be November 9, 2022. The company is expected to report EPS of -$0.16, down 220% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $119.04 million, down 67.65% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.64 per share and revenue of $629.29 million. These totals would mark changes of -12.28% and -69.82%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for ContextLogic Inc.Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. ContextLogic Inc. is holding a Zacks Rank of #3 (Hold) right now.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 52, which puts it in the top 21% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow WISH in the coming trading sessions, be sure to utilize Zacks.com.
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ContextLogic Inc. (WISH) Stock Sinks As Market Gains: What You Should Know
ContextLogic Inc. closed at $0.76 in the latest trading session, marking a -0.03% move from the prior day. This change lagged the S&P 500's daily gain of 1.14%. At the same time, the Dow added 1.12%, and the tech-heavy Nasdaq gained 0.04%.
ContextLogic Inc. will be looking to display strength as it nears its next earnings release, which is expected to be November 9, 2022. The company is expected to report EPS of -$0.16, down 220% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $119.04 million, down 67.65% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.64 per share and revenue of $629.29 million. These totals would mark changes of -12.28% and -69.82%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for ContextLogic Inc.Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. ContextLogic Inc. is holding a Zacks Rank of #3 (Hold) right now.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 52, which puts it in the top 21% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow WISH in the coming trading sessions, be sure to utilize Zacks.com.