Key Details
Price
$22.82Annual Revenue
$944.28 MAnnual EPS
-$0.65Annual ROE
-23.35%Beta
0.72Events Calendar
Next earnings date:
Feb 21, 2025Recent quarterly earnings:
Oct 30, 2024Recent annual earnings:
Feb 21, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
N/ANext split:
N/ARecent split:
N/AAnalyst ratings
Recent major analysts updates
Market Data
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Institutional Ownership
Growth stocks have made a comeback in 2024. I am seeing select stocks shoot up 100%, 200%, or more just this year.
SEATTLE, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a trusted provider of digital financial services that transcend borders, today announced that its management team will present at the 2024 Wells Fargo TMT Summit.
Remitly Global, Inc. (NASDAQ:RELY ) Q3 2024 Earnings Conference Call October 30, 2024 5:00 PM ET Company Participants Stephen Shulstein - Vice President, Investor Relations Matt Oppenheimer - Co-Founder and Chief Executive Officer Vikas Mehta - Chief Financial Officer Conference Call Participants Andrew Schmidt - Citi Andrew Bauch - Wells Fargo Ramsey El-Assal - Barclays Will Nance - Goldman Sachs Tien-Tsin Huang - JPMorgan David Scharf - Citizens JMP Rufus Hone - BMO Capital Markets Cris Kennedy - William Blair Darrin Peller - Wolfe Research Alex Markgraff - KBCM Gus Gala - MCH & Co. Zachary Gunn - FT Partners Operator Hello, and welcome to Remitly's Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Remitly Global, Inc. (RELY) came out with quarterly earnings of $0.01 per share, beating the Zacks Consensus Estimate of a loss of $0.06 per share. This compares to loss of $0.20 per share a year ago.
Shares of Remitly surged in after-hours trading as the Seattle-based digital remittance company reported its first profitable quarter.
Remitly (RELY) stock has underperformed the market this year, falling by over 22% even as the Nasdaq 100 and S&P 500 indices have soared by 20%+ and moved to their all-time highs. It remains 47% below its highest level in 2023 and by 72% from its all-time high, bringing its market cap to $2.9 billion.
Durable revenue growth is a key to finding winning stocks. Rocket Lab is growing like gangbusters in the burgeoning space economy.
SEATTLE, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a trusted provider of digital financial services that transcend borders, today announced that its management team will present at the 2024 Goldman Sachs Communacopia + Technology Conference
The average of price targets set by Wall Street analysts indicates a potential upside of 54.4% in Remitly Global (RELY). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
The consensus price target hints at a 74.4% upside potential for Remitly Global (RELY). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
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