Opera Ltd expected to post earnings of 25 cents a share - Earnings Preview

Opera

23/04/2024 15:54

* Opera Ltd  OPRA.OQ   OPRA.O  is expected to show a rise in
quarterly revenue when it reports  results on April 25 for the
period ending March 31 2024
    * The Oslo-based  company is expected to report a
15.0% increase
in revenue to $100.13 million from $87.05 million a year ago,
according to the mean estimate from 4 analysts, based on LSEG
data.The company's guidance on February 29 2024, for the period
ended March 31, was for revenue between $99.00 million and
$101.00 million.
    * ​LSEG's mean analyst estimate for Opera Ltd is for
earnings of
25 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 mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Opera Ltd
is
$20.50​, above​ its last closing price of $14.49. ​​​

The company's guidance on February 29 2024 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD99 million and USD24.5 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023              0.24       1.43      Beat    508.5
  2023                                0.23              
 Jun. 30 2023  0.14        0.17       0.16      Missed  -3​
 Mar. 31 2023  0.15        0.15       0.19      Beat    31
 ​​Dec.        0.14        0.17       0.27      Beat    58.8
 31 2022                                                
 Sep. 30 2022  0.12        0.11       0.10      Missed  -9.1​
 Jun. 30 2022              0.07       -0.03     Missed  -142.9
 Mar. 31 2022  -0.02       -0.02      -0.10     Missed  -499.9
 This summary was machine generated April 23 at 14:54 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)