WLTH•WLTH•| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Slight Beat* | $91.87 mln | $91.50 mln (7 Analysts) |
| Q2 EPS | $0.10 | ||
| Q2 Net Income | $17.56 mln | ||
| Q2 Adjusted EBITDA | Slight Miss* | $38.07 mln | $38.20 mln (7 Analysts) |
| Q2 Adjusted EBITDA Margin | 41% |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell".
The average consensus recommendation for the diversified investment services peer group is "buy".
Wall Street's median 12-month price target for Wealthfront Corporation is $11.50, about 19.4% above its September 8 closing price of $9.63.
U.S. fintech platform's fiscal Q2 revenue rose 1% yr/yr, slightly beating analyst expectations.
Adjusted EBITDA for fiscal Q2 fell 15% yr/yr and slightly missed analyst estimates.
The company repurchased 3.3 mln shares during the quarter.
The company did not provide specific financial guidance for future quarters or the full year.
