Marchex, Inc. (MCHX) to Release Quarterly Earnings on Tuesday
Marchex, Inc. (NASDAQ:MCHX) will be issuing its quarterly earnings data after the market closes on Tuesday, October 31st. Analysts expect the company to announce earnings of ($0.01) per share for the quarter.
Marchex (NASDAQ:MCHX) last posted its earnings results on Wednesday, August 2nd. The technology company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.02. The firm had revenue of $22.02 million during the quarter, compared to analyst estimates of $21.97 million. Marchex had a negative net margin of 15.53% and a negative return on equity of 10.65%. Marchex’s revenue was down 36.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.02) EPS. On average, analysts expect Marchex to post $-0.15 EPS for the current fiscal year and $-0.12 EPS for the next fiscal year.
Marchex, Inc. (MCHX) opened at 3.06 on Tuesday. Marchex, Inc. has a 1-year low of $2.46 and a 1-year high of $3.75. The firm’s market capitalization is $130.83 million. The firm’s 50-day moving average is $3.11 and its 200-day moving average is $2.94.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Marchex from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. ValuEngine upgraded shares of Marchex from a “sell” rating to a “hold” rating in a research report on Friday, September 1st.
Marchex Company Profile
Marchex, Inc is a mobile advertising analytics company. The Company offers products and services for enterprises that depend on consumer phone calls to drive sales. Its media analytics products can provide actionable intelligence on media channels advertisers use to acquire customers over the phone. Its Marchex Omnichannel Analytics Cloud helps marketers connect customer conversions driven from paid media channels, including search, display and video, social and sites, to phone calls made to a business.
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