Equities analysts expect Eventbrite, Inc. (NYSE:EB – Get Rating) to post ($0.14) earnings per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Eventbrite’s earnings, with the highest EPS estimate coming in at ($0.10) and the lowest estimate coming in at ($0.16). Eventbrite reported earnings of ($0.22) per share during the same quarter last year, which suggests a positive year over year growth rate of 36.4%. The business is expected to report its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Eventbrite will report full-year earnings of ($0.50) per share for the current year, with EPS estimates ranging from ($0.54) to ($0.39). For the next fiscal year, analysts forecast that the firm will post earnings of ($0.22) per share, with EPS estimates ranging from ($0.29) to ($0.12). Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Eventbrite.
Eventbrite (NYSE:EB – Get Rating) last posted its quarterly earnings results on Thursday, April 28th. The company reported ($0.19) EPS for the quarter, beating the consensus estimate of ($0.23) by $0.04. Eventbrite had a negative net margin of 34.10% and a negative return on equity of 43.17%. The business had revenue of $55.88 million for the quarter, compared to analysts’ expectations of $48.75 million. During the same period in the previous year, the company posted ($0.37) EPS.
Shares of Eventbrite stock traded up $0.66 on Friday, hitting $12.50. 1,102,698 shares of the company traded hands, compared to its average volume of 977,626. The company has a 50-day moving average price of $12.72 and a 200 day moving average price of $14.74. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 2.15. Eventbrite has a 12-month low of $10.20 and a 12-month high of $22.52. The company has a market cap of $1.22 billion, a PE ratio of -16.21 and a beta of 2.84.
A number of hedge funds have recently added to or reduced their stakes in EB. Morgan Stanley boosted its holdings in Eventbrite by 25.7% during the second quarter. Morgan Stanley now owns 2,080,944 shares of the company’s stock valued at $39,538,000 after acquiring an additional 425,937 shares during the period. Swiss National Bank raised its position in shares of Eventbrite by 9.9% during the third quarter. Swiss National Bank now owns 157,200 shares of the company’s stock valued at $2,973,000 after buying an additional 14,200 shares during the last quarter. Barclays PLC raised its position in Eventbrite by 225.9% in the third quarter. Barclays PLC now owns 47,548 shares of the company’s stock worth $899,000 after purchasing an additional 32,957 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in Eventbrite in the third quarter worth about $198,000. Finally, Citigroup Inc. raised its position in Eventbrite by 104.4% in the third quarter. Citigroup Inc. now owns 9,739 shares of the company’s stock worth $184,000 after purchasing an additional 4,974 shares in the last quarter. Institutional investors own 89.35% of the company’s stock.
About Eventbrite (Get Rating)
Eventbrite, Inc operates a self-service ticketing and experience technology platform that serves event creators in the United States and internationally. Its platform integrates components needed to plan, promote, and produce live events that allow creators to reduce friction and costs, increase reach, and drive ticket sales.
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