Riskified Surpasses Q3 Expectations with Strong Revenue Forecast

December 20, 2024

Amid a challenging economic landscape, Riskified (NYSE: RSKD) has delivered impressive third-quarter earnings, surpassing analyst expectations with an earnings per share (EPS) of $0.030, significantly outpacing the anticipated $-0.070 by a notable margin of $0.10. The company’s revenue for the quarter also exceeded forecasts, reaching $78.85 million compared to the consensus estimate of $75.01 million. This strong performance underscores Riskified’s capability to navigate and thrive amidst fluctuating market conditions.

Looking ahead, Riskified has issued a buoyant revenue projection for the fiscal year 2024, estimating revenues to range between $322 million and $327 million, slightly exceeding the analyst consensus of $321.7 million. However, despite these encouraging figures, the company’s stock has experienced some volatility over recent months, highlighted by a 7.94% decline over the past three months. In contrast, the stock has appreciated by 2.14% over the past year, reflecting a mixed sentiment among investors.

Even with the mixed trends in EPS revisions—one upward and three downward in the past 90 days—InvestingPro has suggested that Riskified’s financial health is solid. This performance report illustrates the company’s resilience and the broader market’s reaction to its financial well-being. The strategic revenue forecasts and the ability to surpass expectations showcase Riskified’s robust market position, fostering cautious optimism about its future prospects.

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