Opera Ltd reports results for the quarter ended in December - Earnings Summary

Opera

29/02/2024 14:33

* Opera Ltd  OPRA.OQ  reported quarterly adjusted earnings
of
$1.43​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of 27
cents.  The mean expectation of four analysts for the quarter
was for earnings of 24 cents per share. Wall Street expected
results to range from 23 cents to 24 cents per share.
    * Revenue rose 17.4% to $113.00 million from a year ago;
analysts
expected $112.19 million. 
    * Opera Ltd's reported EPS for the quarter was $1.38​.
    * The company reported quarterly net income of $123.56
million.
    * Opera Ltd shares had fallen by 12.1% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 6 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Opera Ltd
is
$19.00 

This summary was machine generated from LSEG data February 29 at
02:33 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
 Dec. 31 2023      0.24           1.43           Beat
                                  0.23           
 Jun. 30 2023      0.17           0.16           Missed
 Mar. 31 2023      0.15           0.19           Beat