Expensify (EXFY) Set to Announce Quarterly Earnings on Thursday

Expensify (NASDAQ:EXFY) will be posting its quarterly earnings results after the market closes on Thursday, May 9th. Analysts expect Expensify to post earnings of $0.08 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Expensify (NASDAQ:EXFY) last announced its quarterly earnings data on Thursday, February 22nd. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.06). The company had revenue of $35.20 million for the quarter, compared to the consensus estimate of $36.85 million. Expensify had a negative net margin of 27.70% and a negative return on equity of 41.91%. The company’s quarterly revenue was down 19.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.04) EPS. On average, analysts expect Expensify to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Expensify Price Performance

Shares of EXFY stock opened at $1.79 on Wednesday. The company’s 50-day simple moving average is $1.79 and its two-hundred day simple moving average is $2.03. Expensify has a one year low of $1.40 and a one year high of $8.25. The company has a market capitalization of $126.34 million, a P/E ratio of -3.51 and a beta of 1.48.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Piper Sandler lowered their target price on Expensify from $3.00 to $2.00 and set a “neutral” rating for the company in a report on Friday, February 23rd. Citigroup lowered their price objective on shares of Expensify from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $5.93.

Insider Buying and Selling at Expensify

In other Expensify news, COO Anuradha Muralidharan sold 20,000 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $2.15, for a total transaction of $43,000.00. Following the completion of the sale, the chief operating officer now directly owns 57,080 shares of the company’s stock, valued at $122,722. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Expensify news, major shareholder Steven J. Mclaughlin bought 182,941 shares of Expensify stock in a transaction that occurred on Thursday, February 22nd. The shares were bought at an average cost of $1.59 per share, with a total value of $290,876.19. Following the transaction, the insider now directly owns 8,529,695 shares of the company’s stock, valued at approximately $13,562,215.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Anuradha Muralidharan sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $2.15, for a total value of $43,000.00. Following the completion of the sale, the chief operating officer now directly owns 57,080 shares of the company’s stock, valued at approximately $122,722. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 1,014,740 shares of company stock worth $1,549,045 and have sold 650,954 shares worth $1,170,162. 20.32% of the stock is owned by insiders.

About Expensify

Expensify, Inc provides a cloud-based expense management software platform to individuals and corporations, small and midsized businesses, and enterprises 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.