ML Earnings

ML reported its FY2024Q2 earnings on 2024-08-06, showcasing a revenue of 130.85M against an estimate of 128.44M, resulting in a 1.88% surprise. The EPS was 0.26, surpassing the expected -0.01 by 2700% . The stock experienced a -17.94% price change on the earnings day and a -22.23% change over the next five days, reflecting market reactions to the results.

Following ML's FY2024Q2 earnings announcement on 2024-08-06, the stock price moved by -17.94% on the day of the release. Over the subsequent five days, it saw a -22.23% change. Historically, ML's stock price tends to shift by an average of -1.70% in the 10 days leading up to earnings and +15.96% in the 10 days following, providing insight into potential market.

For 2025/Q1, analysts estimate ML’s annual revenue to reach 156.55M, while the EPS is projected at undefined. These estimates reflect recent revisions, with revenue estimates revised Revenue No Change by 0% and EPS estimates No Change by % over the past three months, indicating analyst expectation in the company’s performance.

The correlation between ML's stock price and earnings forecast revisions shows that positive revisions in revenue or EPS often strengthen the stock’s fundamentals. Over the past three months, revenue estimates for FY2025 were No Change by 0%, while EPS estimates moved No Change by % . This trend suggests that price dips could present buying opportunities for investors.

Based on historical trends, ML's stock price typically moves by -1.70% in the 10 days before its earnings and +15.96% in the 10 days after. For the upcoming 2025/Q1 earnings, analysts expect an EPS of undefined and revenue of 156.55M.

The earnings call reveals strong financial performance with record revenue, robust enterprise growth, and effective customer acquisition strategies. Despite some economic concerns, management's optimistic guidance for Q4 and the entire year, coupled with strategic expansion in promising verticals, paints a positive outlook. The Q&A session provided reassuring answers about regulation and growth opportunities, enhancing confidence in the company's future prospects.