Riskified (RSKD) Set to Announce Earnings on Wednesday

Riskified (NYSE:RSKD) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, May 15th. Analysts expect Riskified to post earnings of $0.02 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Riskified (NYSE:RSKD) last posted its quarterly earnings results on Tuesday, March 5th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.04. Riskified had a negative net margin of 19.84% and a negative return on equity of 11.04%. The company had revenue of $84.07 million for the quarter, compared to the consensus estimate of $83.87 million. 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 0.2 %

RSKD opened at $5.23 on Wednesday. The company’s 50 day moving average is $5.13 and its 200-day moving average is $4.60. Riskified has a 1-year low of $3.48 and a 1-year high of $5.64. The company has a market cap of $932.35 million, a P/E ratio of -15.29 and a beta of 1.31.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. DA Davidson restated a “neutral” rating and set a $5.00 price target on shares of Riskified in a report on Wednesday, March 6th. The Goldman Sachs Group lifted their price objective on shares of Riskified from $4.50 to $5.00 and gave the company a “neutral” rating in a research note on Wednesday, March 6th. Piper Sandler restated an “overweight” rating and set a $7.00 price target on shares of Riskified in a research note on Friday, April 12th. Finally, Keefe, Bruyette & Woods initiated coverage on shares of Riskified in a research note on Tuesday, April 9th. They set a “market perform” rating and a $5.75 price target for the company. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $5.66.

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.