Mitek Systems, Inc.

NasdaqCM:MITK Stock Report

Market Cap: US$513.4m

Mitek Systems Future Growth

Future criteria checks 3/6

Mitek Systems is forecast to grow earnings and revenue by 82.6% and 5.9% per annum respectively while EPS is expected to grow by 72.3% per annum.

Key information

82.6%

Earnings growth rate

72.3%

EPS growth rate

Software earnings growth17.0%
Revenue growth rate5.9%
Future return on equityn/a
Analyst coverage

Good

Last updated17 Dec 2024

Recent future growth updates

Recent updates

Mitek Systems Earnings: Strong Q4 Results Propel Stock Higher

Dec 17

The Market Doesn't Like What It Sees From Mitek Systems, Inc.'s (NASDAQ:MITK) Revenues Yet As Shares Tumble 30%

Aug 31
The Market Doesn't Like What It Sees From Mitek Systems, Inc.'s (NASDAQ:MITK) Revenues Yet As Shares Tumble 30%

Market Still Lacking Some Conviction On Mitek Systems, Inc. (NASDAQ:MITK)

Jul 17
Market Still Lacking Some Conviction On Mitek Systems, Inc. (NASDAQ:MITK)

Mitek Systems: Growth Re-Acceleration Likely Around The Corner

May 21

Mitek Systems Is Fundamentally Undervalued Despite Recent Issues

Jan 10

Mitek Systems: A Strong SaaS Provider Growing Into A New Market

Sep 27

Mitek Systems gets Nasdaq non-compliance notice as filing of quarterly report delayed

Aug 17

Mitek's Great Quarter Renders Softened Guidance Last Quarter Moot

Aug 03

Is Mitek Systems (NASDAQ:MITK) A Risky Investment?

Jul 15
Is Mitek Systems (NASDAQ:MITK) A Risky Investment?

Are Investors Undervaluing Mitek Systems, Inc. (NASDAQ:MITK) By 21%?

Jun 02
Are Investors Undervaluing Mitek Systems, Inc. (NASDAQ:MITK) By 21%?

Mitek's Legal Overhang Sees No Development, Declines Unjustified

May 10

Returns At Mitek Systems (NASDAQ:MITK) Appear To Be Weighed Down

May 01
Returns At Mitek Systems (NASDAQ:MITK) Appear To Be Weighed Down

Earnings and Revenue Growth Forecasts

NasdaqCM:MITK - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
9/30/202619621N/AN/A3
9/30/2025176335376
9/30/202417233032N/A
6/30/2024167-71314N/A
3/31/2024165-71618N/A
12/31/2023164-21617N/A
9/30/202317383132N/A
6/30/2023175103233N/A
3/31/2023171102223N/A
12/31/202215852324N/A
9/30/202214542021N/A
6/30/202213852728N/A
3/31/202213183031N/A
12/31/202112693031N/A
9/30/202112083637N/A
6/30/2021117113132N/A
3/31/2021111103132N/A
12/31/202010592728N/A
9/30/202010182324N/A
6/30/20209662324N/A
3/31/20209251516N/A
12/31/20198931617N/A
9/30/201985-11314N/A
6/30/201981-679N/A
3/31/201975-958N/A
12/31/201869-915N/A
9/30/201864-1216N/A
6/30/2018553N/A8N/A
3/31/2018517N/A10N/A
12/31/2017489N/A14N/A
9/30/20174514N/A10N/A
6/30/2017422N/A10N/A
3/31/2017392N/A7N/A
12/31/2016372N/A6N/A
9/30/2016352N/A8N/A
6/30/2016332N/A7N/A
3/31/2016302N/A9N/A
12/31/2015272N/A6N/A
9/30/2015253N/A6N/A
6/30/2015232N/A4N/A
3/31/201521-1N/A3N/A
12/31/201420-4N/A0N/A
9/30/201419-5N/A-2N/A
6/30/201418-7N/A-5N/A
3/31/201417-7N/A-4N/A
12/31/201316-7N/A-3N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MITK's forecast earnings growth (82.6% per year) is above the savings rate (2.6%).

Earnings vs Market: MITK's earnings (82.6% per year) are forecast to grow faster than the US market (15.2% per year).

High Growth Earnings: MITK's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MITK's revenue (5.9% per year) is forecast to grow slower than the US market (9.1% per year).

High Growth Revenue: MITK's revenue (5.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if MITK's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 12:10
End of Day Share Price 2024/12/23 00:00
Earnings2024/09/30
Annual Earnings2024/09/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Mitek Systems, Inc. is covered by 16 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mark SchappelBenchmark Company
Allen KleeB. Riley Wealth
Joel FishbeinBTIG