Opera Ltd OPRA.OQ reported quarterly adjusted earnings of 26 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 24 cents. The mean expectation of five analysts for the quarter was for earnings of 26 cents per share. Wall Street expected results to range from 25 cents to 27 cents per share.
Revenue rose 30.3% to $142.96 million from a year ago; analysts expected $138.67 million.
Opera Ltd's reported EPS for the quarter was 17 cents.
The company reported quarterly net income of $15.68 million.
Opera Ltd shares had fallen by 10.0% this quarter and lost 10.2% so far this year.
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 7 "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 $25.00, about 32% above its last closing price of $17.01
This summary was machine generated from LSEG data August 19 at 01:31 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)