Webtoon Entertainment Inc reports results for the quarter ended September 30 - Earnings Summary

Webtoon Entertainment

08/11/2024 16:28

* Webtoon Entertainment Inc  WBTN.OQ  reported quarterly
adjusted
earnings of 22 cents​​ per share for the quarter ended September
30.  The mean expectation of six analysts for the quarter was
for a loss of 42 cents per share. Wall Street expected
results to range from -56 cents to -17 cents per share.
    * Revenue was $347.92 million​; analysts expected $336.11
million. 
    * Webtoon Entertainment Inc's reported EPS for the quarter
was 15
cents​.
    * The company reported quarterly net income of $19.75
million.
    * Webtoon Entertainment Inc shares had risen by 2.5% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.1%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the online
services
peer group is also "buy"

Wall Street's median 12-month price target for Webtoon
Entertainment Inc is $23.00 
This summary was machine generated from LSEG data November 8 at
04:28 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
 Sep. 30 2024      -0.42          0.22           Beat
 Jun. 30 2024      -0.72          0.20           Beat
 Mar. 31 2024      0.09