Riskified (RSKD) Set to Announce Earnings on Wednesday

Riskified (NYSE:RSKD) will be announcing its earnings results before the market opens on Wednesday, May 15th. Analysts expect the company to announce earnings of $0.02 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Riskified (NYSE:RSKD) last released its earnings results on Tuesday, March 5th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.04. The business had revenue of $84.07 million during the quarter, compared to analyst estimates of $83.87 million. Riskified had a negative net margin of 19.84% and a negative return on equity of 11.04%. On average, analysts expect Riskified to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Riskified Stock Performance

Shares of NYSE:RSKD opened at $5.23 on Wednesday. The stock has a market capitalization of $932.35 million, a price-to-earnings ratio of -15.29 and a beta of 1.31. The company has a 50 day moving average price of $5.13 and a 200 day moving average price of $4.60. Riskified has a 1-year low of $3.48 and a 1-year high of $5.64.

Analyst Ratings Changes

RSKD has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods began coverage on Riskified in a research report on Tuesday, April 9th. They issued a “market perform” rating and a $5.75 price target for the company. The Goldman Sachs Group raised their price objective on Riskified from $4.50 to $5.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 6th. Piper Sandler reissued an “overweight” rating and set a $7.00 price objective on shares of Riskified in a research report on Friday, April 12th. Finally, DA Davidson reiterated a “neutral” rating and issued a $5.00 target price on shares of Riskified in a research note on Wednesday, March 6th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $5.66.

About Riskified

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.