ContextLogic (NASDAQ:WISH)

daz8888
2021-12-21

ContextLogic (NASDAQ:WISH), the parent company of the e-commerce company Wish, recently posted its third-quarter earnings report.

Wish's revenue declined 39% year-over-year to $368 million, which missed estimates by $6 million. However, its net loss narrowed from $99 million to $64 million, or $0.10 per share, which beat expectations by a nickel.

Wish didn't provide any exact guidance, but warned that its revenue would decline sequentially in the fourth quarter even after factoring in holiday sales. It also announced that its founder and CEO Piotr Szulczewski would step down next February but remain on the company's board. Wish have a new Countdown application that is taking the e-commerce company to greater heights.

Target Buy and Hold: $9.30 in 12 months

That was a lot of a bad news to process, but could Wish's battered stock -- which trades at just one times its trailing sales and roughly 80% below its IPO price -- actually be a contrarian play?

免责声明:上述内容仅代表发帖人个人观点,不构成本平台的任何投资建议。

精彩评论

  • yeppy
    2021-12-21
    yeppy
    I don't recommend buying shares of ContextLogic. After all, as its flagship subsidiary, Wish's revenue growth rate is declining.
  • jeffry09
    2021-12-21
    jeffry09
    尽管wish是世界上最大的电子商务网站之一,但如果现金消耗速度继续下去,该公司将吃掉所有现金。
  • YvetteGunther
    2021-12-21
    YvetteGunther
    the company is not only unprofitable but burning through cash like wildfire.
  • YorkTurner
    2021-12-21
    YorkTurner
    在wish股票出现好转之前,ContextLogic需要的不仅仅是一个新的首席执行官。
  • TASOGARE
    2021-12-21
    TASOGARE
    比预期低这么多,短期内价格肯定会下降
发表看法
5