Remitly Global Future Growth
Future criteria checks 5/6
Remitly Global is forecast to grow earnings and revenue by 77.3% and 19.4% per annum respectively. EPS is expected to grow by 76.7% per annum. Return on equity is forecast to be 22.6% in 3 years.
Key information
77.3%
Earnings growth rate
76.7%
EPS growth rate
| Diversified Financial earnings growth | -0.2% |
| Revenue growth rate | 19.4% |
| Future return on equity | 22.6% |
| Analyst coverage | Good |
| Last updated | 14 Jun 2024 |
Recent future growth updates
Recent updates
Slammed 26% Remitly Global, Inc. (NASDAQ:RELY) Screens Well Here But There Might Be A Catch
May 03
Remitly: An Interesting Growth Play Is Awaiting Operating Leverage
Apr 22Remitly Global, Inc. (NASDAQ:RELY) Analysts Are Pretty Bullish On The Stock After Recent Results
Feb 24Remitly Global, Inc. (NASDAQ:RELY) Not Lagging Industry On Growth Or Pricing
Feb 13Buy Remitly As Fears Around Marketing Spend Are Unfounded
Jan 30Remitly Global, Inc. (NASDAQ:RELY) Shares Slammed 29% But Getting In Cheap Might Be Difficult Regardless
Nov 05We're Hopeful That Remitly Global (NASDAQ:RELY) Will Use Its Cash Wisely
Oct 23Remitly Global Grows Revenue But Operating Losses Worsen
Oct 08Remitly Global: Time To Get Upbeat
Aug 28Remitly Global acquires Israeli-based Rewire for $80M
Aug 16Companies Like Remitly Global (NASDAQ:RELY) Can Afford To Invest In Growth
Jun 13Analysts Have Been Trimming Their Remitly Global, Inc. (NASDAQ:RELY) Price Target After Its Latest Report
May 08Remitly: Recovery Is On The Horizon
Apr 10Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | 1,836 | 64 | 186 | 206 | 5 |
| 12/31/2025 | 1,547 | -15 | 146 | 141 | 9 |
| 12/31/2024 | 1,239 | -73 | 304 | 172 | 9 |
| 3/31/2024 | 1,010 | -111 | -119 | -108 | N/A |
| 12/31/2023 | 944 | -118 | -63 | -54 | N/A |
| 9/30/2023 | 871 | -102 | -112 | -103 | N/A |
| 6/30/2023 | 798 | -100 | -197 | -189 | N/A |
| 3/31/2023 | 721 | -119 | -159 | -151 | N/A |
| 12/31/2022 | 654 | -114 | -116 | -109 | N/A |
| 9/30/2022 | 598 | -111 | -71 | -66 | N/A |
| 6/30/2022 | 550 | -91 | -58 | -53 | N/A |
| 3/31/2022 | 504 | -54 | -46 | -41 | N/A |
| 12/31/2021 | 459 | -39 | -23 | -18 | N/A |
| 9/30/2021 | 403 | -31 | -28 | -24 | N/A |
| 6/30/2021 | 354 | -21 | -11 | -6 | N/A |
| 3/31/2021 | 302 | -27 | -49 | -45 | N/A |
| 12/31/2020 | 257 | -33 | -119 | -114 | N/A |
| 12/31/2019 | 127 | -64 | 1 | 8 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RELY is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.4%).
Earnings vs Market: RELY is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: RELY is expected to become profitable in the next 3 years.
Revenue vs Market: RELY's revenue (19.4% per year) is forecast to grow faster than the US market (8.6% per year).
High Growth Revenue: RELY's revenue (19.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: RELY's Return on Equity is forecast to be high in 3 years time (22.6%)