Opera Ltd reports results for the quarter ended in September 30 - Earnings Summary

Opera

29/10/2024 14:17

* Opera Ltd  OPRA.OQ  reported quarterly adjusted earnings
of 26
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 23 cents.  The mean expectation of four analysts for the
quarter was for earnings of 25 cents per share. Wall Street
expected results to range from 24 cents to 26 cents per share.
    * Revenue rose 20% to $123.21 million from a year ago;
analysts
expected $120.43 million. 
    * Opera Ltd's reported EPS for the quarter was 20 cents​.
    * The company reported quarterly net income of $17.94
million.
    * Opera Ltd shares had risen by 9.2% this quarter and
gained 27.5%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 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 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
21.50 
This summary was machine generated from LSEG data October 29 at
02:16 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
 Jan. 1 0001       0.25           0.26           Beat
                   0.23           0.24           Beat
 Mar. 31 2024      0.25           0.19           Missed
 Dec. 31 2023      0.24           1.43           Beat