Taboola.com Ltd reports results for the quarter ended in June - Earnings Summary

Taboola.Com

07/08/2024 14:31

* Taboola.com Ltd  TBLA.OQ  reported quarterly adjusted
earnings
of 7 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported
breakeven earnings per share.  The mean expectation of
seven analysts for the quarter was for breakeven results per
share. Wall Street expected results to range from -7 cents to 3
cents per share.
    * Revenue rose 29% to $428.16 million from a year ago;
analysts
expected $428.67 million. 
    * Taboola.com Ltd's reported EPS for the quarter was a loss
of 1
cent​.
    * The company reported a quarterly loss of $4.29 million.
    * Taboola.com Ltd shares had fallen by 15.4% this
quarter and
lost 32.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 87.5%
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," 1
"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 Taboola.com Ltd
is $6.00 
This summary was machine generated from LSEG data August 7 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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.00           0.07           Beat
 Mar. 31 2024      -0.03          0.01           Beat
 Dec. 31 2023      0.03           0.09           Beat
 Sep. 30 2023      -0.04          0.02           Beat