Zacks: Brokerages Expect Eventbrite Inc (EB) Will Post Quarterly Sales of $72.90 Million
Equities analysts forecast that Eventbrite Inc (NYSE:EB) will report sales of $72.90 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Eventbrite’s earnings, with the lowest sales estimate coming in at $72.70 million and the highest estimate coming in at $73.10 million. The firm is expected to issue its next earnings results on Monday, February 11th.
On average, analysts expect that Eventbrite will report full year sales of $288.93 million for the current year, with estimates ranging from $288.40 million to $289.60 million. For the next fiscal year, analysts anticipate that the business will report sales of $363.77 million, with estimates ranging from $361.21 million to $366.70 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Eventbrite.
Eventbrite (NYSE:EB) last released its quarterly earnings data on Monday, November 12th. The company reported ($1.24) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.47) by ($0.77). The firm had revenue of $73.60 million for the quarter, compared to analysts’ expectations of $71.66 million. During the same quarter in the previous year, the company posted ($0.61) EPS. The business’s quarterly revenue was up 45.2% on a year-over-year basis.
Institutional investors and hedge funds have recently made changes to their positions in the business. Pendal Group Ltd acquired a new stake in shares of Eventbrite during the third quarter worth $189,000. Point72 Hong Kong Ltd acquired a new stake in shares of Eventbrite during the third quarter worth $248,000. Gilder Gagnon Howe & Co. LLC acquired a new stake in shares of Eventbrite during the third quarter worth $337,000. Putnam Investments LLC acquired a new stake in shares of Eventbrite during the third quarter worth $473,000. Finally, Jane Street Group LLC acquired a new stake in shares of Eventbrite during the third quarter worth $507,000. Institutional investors own 35.98% of the company’s stock.
Shares of NYSE EB traded up $1.23 during midday trading on Tuesday, reaching $30.24. 232,014 shares of the company’s stock traded hands, compared to its average volume of 231,308. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.23. Eventbrite has a one year low of $24.67 and a one year high of $40.25.
Eventbrite, Inc operates as a technology platform worldwide. 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. The company was formerly known as Mollyguard Corporation and changed its name to Eventbrite, Inc in 2009.
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