Mitek Systems, Inc. (NASDAQ:MITK) is reporting fourth quarter financial results on Thursday 5th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, MITK is expected to report 4Q20 income of $ 0.14 per share from revenue of $ 26.87 million.
For the full year, analysts anticipate top line of $ 97.54 million, while looking forward to income of $ 0.55 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 98.00 million ~ $ 102.00 million
Click Here For More Historical Outlooks Of Mitek Systems, Inc.
Previous Quarter Performance
Mitek Systems, Inc. came out with income for the third quarter of $ 0.16 per share, from the revenue of $ 25.41 million. The quarterly earnings raised 33.33 percent compared with the same quarter last year. Street analysts expected Mitek Systems, Inc. to report income of $ 0.10 per share on revenue of $ 23.20 million for the third quarter. The bottom line results beat street analysts by $ 0.06 or 60.00 percent, at the same time, top line results outshined analysts by $ 2.21 million or 9.53 percent.
Stock Performance
Shares of Mitek Systems, Inc. traded up $ 0.62 or 4.74 percent on Wednesday, reaching $ 13.71 with volume of 469.70 thousand shares. Mitek Systems, Inc. has traded high as $ 13.74 and has cracked $ 12.86 on the downward trend
The closing price of $ 13.71, representing a 148.86 % increase from the 52 week low of $ 5.26 and a 9.72 % decrease over the 52 week high of $ 14.50.
The company has a market capital of $ 566.06 million and is part of the Technology sector and Software – Application industry.
Mitek Systems, Inc. develops, markets, and sells mobile image capture and identity verification software solutions in the United States, Europe, Latin America, and internationally. The companys solutions are embedded in native mobile apps and mobile optimized Websites to enhance mobile user experiences, fraud detection and reduction, and compliant transactions.
