Marchex (MCHX) Scheduled to Post Quarterly Earnings on Thursday

Marchex (NASDAQ:MCHX) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, October 31st. Analysts expect the company to announce earnings of ($0.01) per share for the quarter. Marchex has set its Q3 2024 guidance at EPS.

Marchex (NASDAQ:MCHX) last announced its quarterly earnings data on Thursday, August 8th. The technology company reported ($0.02) EPS for the quarter, hitting analysts’ consensus estimates of ($0.02). Marchex had a negative return on equity of 11.33% and a negative net margin of 10.03%. The firm had revenue of $12.07 million during the quarter, compared to analyst estimates of $12.14 million. During the same period last year, the company posted ($0.05) EPS. On average, analysts expect Marchex to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Marchex Trading Down 3.2 %

Shares of NASDAQ MCHX opened at $1.68 on Friday. Marchex has a one year low of $1.11 and a one year high of $2.16. The firm has a market capitalization of $73.35 million, a PE ratio of -11.20 and a beta of 1.97. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average price of $1.86 and a two-hundred day moving average price of $1.62.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Marchex in a research report on Friday. They set a “hold” rating for the company.

Marchex Company Profile

Marchex, Inc, a conversation intelligence company, provides conversational analytics and related solutions in the United States, Canada, and internationally. Its products include Marketing Edge that identifies which campaigns and channels are driving inbound conversations, evaluates what happens during those conversations, and closes the sales loop by connecting converted sales to marketing driven leads; Sonar Business Text Messaging, an artificial intelligence (AI) empowered intelligent workflow enabled mobile messaging solution that enables operations, sales, and marketing teams to communicate personally with field staff, prospects, and customers; Marchex Platform Services, a robust API-based conversation intelligence product that allows executives, sales, customer engagement, and marketing teams to apply Marchex AI to most any calls, regardless of communication platform, in order to identify actionable insights from conversations with their customers; Spotlight, an AI conversation analytics product for multi-location businesses; and Engage, a solution that provides locations with applications to enhance their overall performance.