Zacks: Brokerages Anticipate Expensify, Inc. (NASDAQ:EXFY) to Announce $0.06 Earnings Per Share

Brokerages expect Expensify, Inc. (NASDAQ:EXFYGet Rating) to announce earnings per share (EPS) of $0.06 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Expensify’s earnings, with the lowest EPS estimate coming in at $0.03 and the highest estimate coming in at $0.10. The business is expected to announce its next earnings report on Monday, January 1st.

On average, analysts expect that Expensify will report full-year earnings of $0.36 per share for the current fiscal year, with EPS estimates ranging from $0.21 to $0.60. For the next fiscal year, analysts expect that the firm will post earnings of $0.64 per share, with EPS estimates ranging from $0.31 to $1.07. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Expensify.

Expensify (NASDAQ:EXFYGet Rating) last issued its quarterly earnings data on Wednesday, March 30th. The company reported ($0.29) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.38).

A number of equities research analysts have commented on EXFY shares. BMO Capital Markets initiated coverage on Expensify in a report on Monday, April 25th. They set an “outperform” rating and a $25.00 target price on the stock. Citigroup cut their target price on shares of Expensify from $35.00 to $27.00 and set a “buy” rating on the stock in a report on Thursday, March 31st. Loop Capital cut their target price on shares of Expensify from $22.00 to $17.00 in a report on Thursday, March 31st. Piper Sandler cut their price target on Expensify from $45.00 to $25.00 and set an “overweight” rating on the stock in a report on Thursday, March 31st. Finally, Zacks Investment Research raised Expensify from a “sell” rating to a “hold” rating in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $31.29.

EXFY traded down $0.49 on Friday, hitting $15.03. 186,785 shares of the company traded hands, compared to its average volume of 338,088. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 0.68. The stock’s 50 day moving average is $18.35. Expensify has a 12-month low of $14.34 and a 12-month high of $51.06.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Baillie Gifford & Co. acquired a new stake in Expensify in the 4th quarter worth about $39,599,000. West Branch Capital LLC bought a new stake in Expensify during the 4th quarter worth approximately $44,000. OpenView Management LLC bought a new stake in Expensify during the 4th quarter worth approximately $441,947,000. Advisor Group Holdings Inc. bought a new stake in Expensify during the 4th quarter worth approximately $197,000. Finally, Victory Capital Management Inc. acquired a new position in shares of Expensify in the 4th quarter worth approximately $3,115,000. Institutional investors own 16.35% of the company’s stock.

About Expensify (Get Rating)

Expensify, Inc provides a cloud-based expense management software platform to individuals, small businesses, and corporations in the United States and internationally. The company's platform enables users to manage corporate cards, pay bills, generate invoices, collect payments, and book travel.

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Earnings History and Estimates for Expensify (NASDAQ:EXFY)

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