ContextLogic Inc. (WISH) Exceeds Stock Market Profits: What You Need to Know

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This story originally appeared on Zacks

In the latest trading session, ContextLogic Inc. (WISH) closed at $ 2.35, marking a + 1.73% move from the previous day. The stock surpassed the S&P 500’s daily profit of 0.52%. At the same time, the Dow lost 0.06%, and the tech-heavy Nasdaq gained 0.11%.

– Zacks

On the way to today, the company’s shares lost 15.07% in the past month, which at that time was behind the retail wholesale sector’s loss of 11.17% and the S&P 500’s loss of 6.51%.

ContextLogic Inc. will try hard to perform as it approaches its next earnings release. In that report, analysts expect ContextLogic Inc. earnings of – $ 0.10 per share. This will be a year-on-year growth of 96.71%. Meanwhile, the Zacks consensus estimate for revenue predicts net sales of $ 303.63 million, 61.76% lower than the year ago.

Investors may also notice recent changes to analysts’ estimates for ContextLogic Inc. These recent reviews tend to reflect the changing nature of short-term business trends. As such, positive rating reviews reflect analysts’ optimism about the company’s business and profitability.

Our research shows that these estimate changes are directly correlated with short-term stock prices. To take advantage of this, we developed the Zacks Rank, a proprietary model that takes these estimation changes into account and provides a workable rating system.

The Zacks Rank system, which ranges from # 1 (Strong Buy) to # 5 (Strong Sell), has a proven, out-audited performance record, with # 1 stocks averaging + 25% annually since 1988 delivers. Within the past 30 days, our consensus EPS projection has moved 2.07% lower. ContextLogic Inc. currently has a Zacks rank of # 4 (Sell).

The internet – trading industry is part of the retail-wholesale sector. This industry currently has a Zacks Industry Rank of 233, which places it below the bottom 9% of all 250+ industries.

The Zacks Industry Rank measures the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow WISH in the upcoming trading sessions, be sure to use Zacks.com.

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