Eventbrite Inc reports results for the quarter ended in September 30 - Earnings Summary

Eventbrite

08/11/2024 04:15

* Eventbrite Inc  EB.N  reported a quarterly adjusted loss
of 4
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of -10 cents.  The mean expectation of seven analysts for the
quarter was for a loss of 13 cents per share. Wall Street
expected results to range from -22 cents to -5 cents per share.
    * Revenue fell 4.6% to $77.80 million from a year ago;
analysts
expected $75.83 million. 
    * Eventbrite Inc's reported EPS for the quarter was a loss
of 4
cents​.
    * The company reported a quarterly loss of $3.77 million.
    * Eventbrite Inc shares had risen by 25.3% this quarter and
lost 59.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.3%
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 "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the online
services
peer group is also "hold"

Wall Street's median 12-month price target for Eventbrite Inc is
$4.75 
This summary was machine generated from LSEG data November 8 at
04:14 a.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
 Sep. 30 2024      -0.13          -0.04          Beat
 Jun. 30 2024      -0.05          0.01           Beat
 Mar. 31 2024      -0.04          -0.05          Missed
 Dec. 31 2023      -0.05          -0.01          Beat