Freightos (NASDAQ:CRGO) Releases Earnings Results, Misses Estimates By $0.01 EPS

Freightos (NASDAQ:CRGO) announced its quarterly earnings results on Monday. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.01), Yahoo Finance reports. The business had revenue of $5.66 million during the quarter, compared to the consensus estimate of $5.55 million. Freightos had a negative return on equity of 19.04% and a negative net margin of 99.95%. During the same quarter in the prior year, the firm posted ($0.10) EPS. Freightos updated its Q3 2024 guidance to EPS and its FY 2024 guidance to EPS.

Freightos Stock Performance

NASDAQ:CRGO opened at $1.67 on Wednesday. The firm has a market capitalization of $80.54 million, a PE ratio of -3.80 and a beta of -0.45. The stock’s fifty day moving average is $1.92 and its 200 day moving average is $2.31. Freightos has a fifty-two week low of $1.42 and a fifty-two week high of $3.62. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.99 and a current ratio of 3.99.

Analysts Set New Price Targets

Separately, Chardan Capital dropped their price objective on shares of Freightos from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Thursday, May 23rd.

About Freightos

Freightos Limited, together with its subsidiaries, operates a vendor-neutral booking and payment platform for international freight. It operates WebCargo, a platform for connecting carriers and forwarders; and Freightos.com, a platform for connecting service providers to importers/exporters. The company also offers software-as-a-service solutions, such as WebCargo Air for airline rates and ebookings; WebCargo AcceleRate, a multi-modal rate repository; data services; and WebCargo Airline Control Panel that enables airlines to control bookings and optimize pricing with real-time booking analytics.