Remark (MARK) to Release Earnings on Wednesday

Remark (NASDAQ:MARK) is scheduled to be releasing its earnings data after the market closes on Wednesday, November 14th. Analysts expect Remark to post earnings of ($0.30) per share for the quarter.

Remark (NASDAQ:MARK) last released its quarterly earnings data on Tuesday, August 14th. The information services provider reported $0.10 EPS for the quarter, beating the consensus estimate of ($0.38) by $0.48. The business had revenue of $20.71 million for the quarter, compared to analysts’ expectations of $19.36 million. On average, analysts expect Remark to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Remark stock opened at $3.44 on Thursday. Remark has a one year low of $2.05 and a one year high of $15.10. The firm has a market cap of $98.77 million, a P/E ratio of -1.92 and a beta of 2.18.

A hedge fund recently raised its stake in Remark stock. Bank of New York Mellon Corp raised its position in Remark Holdings Inc (NASDAQ:MARK) by 294.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 67,762 shares of the information services provider’s stock after acquiring an additional 50,582 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.20% of Remark worth $265,000 at the end of the most recent quarter. 25.08% of the stock is owned by institutional investors.

A number of research analysts have weighed in on MARK shares. ValuEngine downgraded Remark from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. Zacks Investment Research downgraded Remark from a “hold” rating to a “sell” rating in a report on Saturday, August 11th.

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About Remark

Remark Holdings, Inc, a technology company, focuses on the development and deployment of artificial intelligence-based solutions for businesses in various industries worldwide. The company operates KanKan, a social media data intelligence platform. It also owns and operates various digital media properties that deliver content in various verticals, such as travel and entertainment, young adult lifestyle, and personal finance.

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Earnings History for Remark (NASDAQ:MARK)

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