Marchex (MCHX) to Release Quarterly Earnings on Thursday

Marchex (NASDAQ:MCHX) will issue 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.Persons that wish to register for the company’s earnings conference call can do so using this link.

Marchex (NASDAQ:MCHX) last announced its quarterly earnings data on Thursday, August 8th. The technology company reported ($0.02) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.02). Marchex had a negative net margin of 10.03% and a negative return on equity of 11.33%. The firm had revenue of $12.07 million during the quarter, compared to analyst estimates of $12.14 million. During the same period in the previous year, the business 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 Price Performance

Shares of Marchex stock opened at $1.63 on Wednesday. The stock has a market capitalization of $71.16 million, a price-to-earnings ratio of -10.87 and a beta of 1.97. The company has a fifty day moving average of $1.84 and a 200-day moving average of $1.63. Marchex has a 52-week low of $1.11 and a 52-week high of $2.16. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.37 and a current ratio of 2.37.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Marchex in a research note on Friday, October 25th. They set a “hold” rating on the stock.

About Marchex

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.