Opera Ltd expected to post earnings of 24 cents a share - Earnings Preview

Opera

23/02/2024 15:43

* Opera Ltd  OPRA.OQ   OPRA.O  is expected to show a rise in
quarterly revenue when it reports  results on February 29 for
the period ending December 31 2023
    * The Oslo-based  company is expected to report a
16.5% increase
in revenue to $112.193 million from $96.27 million a year ago,
according to the mean estimate from 4 analysts, based on LSEG
data.The company's guidance on October 26 2023, for the period
ended December 31, was for revenue between $110.00 million and
$113.00 million.
    * ​LSEG's mean analyst estimate for Opera Ltd is for
earnings of
24 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The average consensus recommendation for the software peer
group
is also "Buy".​
    * Wall Street's median 12-month price target for Opera Ltd
is
$19.00​, above​ its last closing price of $11.02. ​​​

The company's guidance on October 26 2023 for the period ended
December 31 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD110 million and
USD24 million.
This summary was machine generated February 23 at 15:43 GMT. 
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)