Eventbrite Inc reports results for the quarter ended in January - Earnings Summary

Eventbrite

09/08/2024 24:54

* Eventbrite Inc  EB.N  reported quarterly adjusted earnings
of 1
cent​​ per share for the quarter ended in January, higher than
the same quarter last year, when the company reported EPS of -3
cents.  The mean expectation of six analysts for the quarter was
for a loss of 5 cents per share. Wall Street expected results to
range from -10 cents to 1 cents per share.
    * Revenue rose 7.1% to $84.55 million from a year ago;
analysts
expected $86.42 million. 
    * Eventbrite Inc's reported EPS for the quarter was 1 cent​.
    * The company reported quarterly net income of $1.06
million.
    * Eventbrite Inc shares had fallen by 19.8% this quarter and
lost 53.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 28.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the online
services
peer group is also "buy"

Wall Street's median 12-month price target for Eventbrite Inc is
$9.50 
This summary was machine generated from LSEG data August 8 at
11:53 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      -0.05          0.01           Beat
 Mar. 31 2024      -0.04          -0.05          Missed
 Dec. 31 2023      -0.05          -0.01          Beat
 Sep. 30 2023      -0.11          -0.10          Beat