MoneyLion Inc. (NYSE:ML ) Q3 2024 Earnings Call November 7, 2024 8:30 AM ET Company Participants Sean Horgan - Head, Investor Relations Diwakar Choubey - Chief Executive Officer Rick Correia - Chief Financial Officer Conference Call Participants Kyle Peterson - Needham George Sutton - Craig-Hallum Rayna Kumar - Oppenheimer Hal Goetsch - B. Riley Securities Jacob Stephan - Lake Street Mike Grondahl - Northland Operator Thank you for standing by.
MoneyLion Inc. (ML) came out with a quarterly loss of $0.25 per share versus the Zacks Consensus Estimate of $0.10. This compares to loss of $0.40 per share a year ago.
MoneyLion (ML) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
MoneyLion (ML) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
In the latest trading session, MoneyLion Inc. (ML) closed at $45.44, marking a +0.33% move from the previous day.
In the most recent trading session, MoneyLion Inc. (ML) closed at $45.29, indicating a +0.24% shift from the previous trading day.
MoneyLion (ML) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
MoneyLion Inc. (ML) concluded the recent trading session at $40.19, signifying a +0.37% move from its prior day's close.
MoneyLion (ML) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
MoneyLion Inc., a fintech company, offers a unique integrated platform with both proprietary and third-party products and has shown strong customer growth and engagement. Despite being in an early growth phase, MoneyLion has achieved positive adjusted EBITDA and net income, demonstrating effective cost management and economies of scale. The company's valuation appears attractive compared to peers, trading at a lower EV/revenue multiple, making it a compelling growth investment in fintech.
MoneyLion's Q2 2024 results beat consensus estimates, with revenue up 22.8% year-over-year and positive earnings of $0.29 per share. The company's customer base grew to 17 million, with revenue guidance for fiscal 2024 set at $525 million to $535 million, implying a low price-to-sales multiple of 0.89x. Positive GAAP earnings of $1.31 million and an adjusted EBITDA margin of 14.2% highlight operational efficiency, with potential for debt refinancing amid anticipated Fed rate cuts.
Given the recent decline in ML's shares, we analyze the stock's current position to determine whether it presents a good investment opportunity at this time.