Mitek Systems (MITK) Set to Post Earnings on Thursday

Mitek Systems (NASDAQ:MITK) is expected to be releasing its results after the market closes on Thursday, October 29th. Analysts expect Mitek Systems to announce earnings of $0.1680 per share and revenue of $44.71 million for the quarter.

Mitek Systems (NASDAQ:MITK) last announced its earnings results on Thursday, August 6th. The software maker reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.06. The firm had revenue of $54.04 million during the quarter, compared to analyst estimates of $50.82 million. Mitek Systems had a return on equity of 19.16% and a net margin of 11.39%. On average, analysts expect Mitek Systems to post $0.91 EPS for the current fiscal year and $1.08 EPS for the next fiscal year.

Mitek Systems Trading Up 0.4%

NASDAQ MITK opened at $18.72 on Tuesday. The stock has a market capitalization of $844.65 million, a price-to-earnings ratio of 39.83 and a beta of 0.94. Mitek Systems has a one year low of $8.53 and a one year high of $21.05. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.74 and a quick ratio of 2.74. The business’s fifty day moving average is $17.70 and its 200-day moving average is $15.63.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on MITK shares. Weiss Ratings restated a “hold (c+)” rating on shares of Mitek Systems in a research report on Friday, August 7th. Wall Street Zen upgraded shares of Mitek Systems from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Zacks Research lowered shares of Mitek Systems from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. Finally, Maxim Group set a $26.00 price objective on shares of Mitek Systems in a research report on Friday, August 7th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $19.33.

About Mitek Systems

Mitek Systems, Inc (NASDAQ:MITK) develops software for digital identity verification, fraud prevention and mobile banking. Its technology enables organizations to verify individuals and documents remotely, helping businesses establish trust in digital transactions while reducing identity-related risk.

The company’s products include digital identity verification solutions, document verification and authentication tools, biometric technologies, and fraud detection capabilities. Mitek also provides mobile deposit technology, which allows consumers to deposit checks by capturing images with a smartphone or other mobile device.