MediaAlpha (MAX) to Release Quarterly Earnings on Wednesday

MediaAlpha (NYSE:MAX) will release its earnings data after the market closes on Wednesday, October 30th. Analysts expect MediaAlpha to post earnings of $0.13 per share for the quarter. MediaAlpha has set its Q3 2024 guidance at EPS.Investors interested in listening to the company’s conference call can do so using this link.

MediaAlpha (NYSE:MAX) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.02 by $0.05. The firm had revenue of $178.27 million for the quarter, compared to analysts’ expectations of $151.40 million. The company’s revenue for the quarter was up 110.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.32) earnings per share. On average, analysts expect MediaAlpha to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

MediaAlpha Stock Up 0.8 %

Shares of NYSE MAX opened at $19.60 on Tuesday. MediaAlpha has a twelve month low of $8.55 and a twelve month high of $25.78. The business has a fifty day simple moving average of $17.95 and a two-hundred day simple moving average of $17.21. The firm has a market cap of $1.29 billion, a PE ratio of -28.82 and a beta of 1.22.

Wall Street Analyst Weigh In

Several analysts recently weighed in on MAX shares. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $26.00 price objective (up from $25.00) on shares of MediaAlpha in a report on Thursday, August 1st. The Goldman Sachs Group initiated coverage on shares of MediaAlpha in a report on Tuesday, August 20th. They issued a “buy” rating and a $20.00 price target for the company. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $24.29.

About MediaAlpha

MediaAlpha, Inc, through its subsidiaries, operates an insurance customer acquisition platform in the United States. It optimizes customer acquisition in various verticals of property and casualty insurance, health insurance, and life insurance. The company was founded in 2014 and is headquartered in Los Angeles, California.