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

Eventbrite

02/11/2023 02:07

* Eventbrite Inc  EB.N  reported a quarterly adjusted loss
of 10
cents​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of -21 cents.  The mean expectation of five analysts for the
quarter was for a loss of 11 cents per share. Wall Street
expected results to range from -16 cents to -5 cents per share.
    * Revenue rose 20.9% to $81.54 million from a year ago;
analysts
expected $81.12 million. 
    * Eventbrite Inc's reported EPS for the quarter was a loss
of 10
cents​.
    * The company reported a quarterly loss of $9.94 million.
    * Eventbrite Inc shares had fallen by 16.0% this quarter and
gained 41.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.2%
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 3 "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
$13.00 
This summary was machine generated from LSEG data November 2 at
02:07 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -0.11          -0.10          Beat
 Jun. 30 2023      -0.13          -0.03          Beat
 Mar. 31 2023      -0.14          -0.13          Beat
 Dec. 31 2022      -0.14          0.04           Beat