Analysts forecast that Marchex, Inc. (NASDAQ:MCHX) will announce ($0.01) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Marchex’s earnings, with the lowest EPS estimate coming in at ($0.01) and the highest estimate coming in at $0.00. The firm is expected to announce its next earnings results on Thursday, November 1st.

According to Zacks, analysts expect that Marchex will report full year earnings of ($0.02) per share for the current fiscal year, with EPS estimates ranging from ($0.03) to ($0.01). For the next fiscal year, analysts anticipate that the business will report earnings of ($0.03) per share, with EPS estimates ranging from ($0.03) to ($0.02). Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow Marchex.

Marchex (NASDAQ:MCHX) last announced its quarterly earnings results on Wednesday, August 1st. The technology company reported ($0.03) earnings per share (EPS) for the quarter. The firm had revenue of $20.22 million during the quarter, compared to the consensus estimate of $19.60 million. Marchex had a negative return on equity of 3.44% and a negative net margin of 3.35%.

A number of equities research analysts have issued reports on MCHX shares. Zacks Investment Research lowered shares of Marchex from a “hold” rating to a “sell” rating in a report on Thursday, May 10th. Northland Securities initiated coverage on shares of Marchex in a research note on Tuesday, June 12th. They set an “outperform” rating on the stock.

A number of hedge funds and other institutional investors have recently modified their holdings of MCHX. Wells Fargo & Company MN lifted its position in Marchex by 219.1% during the 4th quarter. Wells Fargo & Company MN now owns 31,473 shares of the technology company’s stock valued at $101,000 after acquiring an additional 21,611 shares during the period. Deutsche Bank AG lifted its position in Marchex by 30.3% during the 4th quarter. Deutsche Bank AG now owns 174,190 shares of the technology company’s stock valued at $562,000 after acquiring an additional 40,462 shares during the period. Unterberg Capital LLC purchased a new position in Marchex during the 1st quarter valued at about $1,365,000. Alambic Investment Management L.P. lifted its position in Marchex by 17.8% during the 1st quarter. Alambic Investment Management L.P. now owns 233,297 shares of the technology company’s stock valued at $637,000 after acquiring an additional 35,329 shares during the period. Finally, Spark Investment Management LLC purchased a new position in Marchex during the 1st quarter valued at about $224,000. 55.36% of the stock is owned by institutional investors.

Marchex stock traded down $0.04 during trading hours on Monday, reaching $2.73. The stock had a trading volume of 5,763 shares, compared to its average volume of 47,139. Marchex has a 52 week low of $2.52 and a 52 week high of $3.67.

Marchex Company Profile

Marchex, Inc operates as a call analytics company. Its products include Marchex Call Analytics, an analytics technology platform that provides data and insights to measure the performance of mobile, online, and offline advertising for advertisers and small business resellers; and Marchex Speech Analytics delivers actionable operational and advertising insights of inbound calls from consumer's interactions.

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