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Cardlytics, Inc. (CDLX) Q3 2023 Earnings Call Transcript

ATLANTA, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Cardlytics, Inc. (NASDAQ: CDLX), an advertising platform in banks' digital channels, today announced that its third quarter ended September 30, 2023 financial results will be released on November 8, 2023, after market close. The company will host a conference call and webcast at 5:00 PM (ET) / 2:00 PM (PT) to discuss the company's financial results.

Today, we revisit small cap concern Cardlytics, Inc. for the first time since September of last year. The company is making solid headway in reducing costs under new leadership and the stock took off temporarily after second quarter results were posted in August.

Cardlytics, Inc. (NASDAQ:CDLX ) Q2 2023 Earnings Conference Call August 1, 2023 5:00 PM ET Company Participants Nick Lynton - Chief, Legal and Privacy Officer Robert Robinson - Director of Corporate Development and Investor Relations Karim Temsamani - Chief Executive Officer Conference Call Participants Jason Kreyer - Craig-Hallum Operator Good day and thank you for standing by. Welcome to the Q2 2023 Cardlytics, Inc. Earnings Conference Call.

Cardlytics (CDLX) came out with a quarterly loss of $0.24 per share versus the Zacks Consensus Estimate of a loss of $0.43. This compares to loss of $0.65 per share a year ago.

Cardlytics (CDLX) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

In 2018, Cardlytics (NASDAQ: CDLX), a tech company that operates as an advertising platform in banks' digital channels, and JPMorgan Chase Bank (NYSE: JPM) struck a PayTech deal.

Here is how Cardlytics (CDLX) and Trane Technologies (TT) have performed compared to their sector so far this year.

The consensus price target hints at a 49.3% upside potential for Cardlytics (CDLX). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Cardlytics, Inc. (NASDAQ:CDLX ) Q1 2023 Earnings Conference Call May 4, 2023 5:00 PM ET Company Participants Nick Lynton – Chief Legal and Privacy Officer Karim Temsamani – Chief Executive Officer Andy Christiansen – Chief Financial Officer Conference Call Participants Kyle Peterson – Needham Operator Good day and thank you for standing by. Welcome to the Q1 2023 Cardlytics, Inc. Earnings Conference Call.