$0.73 Earnings Per Share Expected for Criteo SA (CRTO) This Quarter

Wall Street brokerages expect Criteo SA (NASDAQ:CRTO) to report earnings per share of $0.73 for the current quarter, according to Zacks. Nine analysts have made estimates for Criteo’s earnings. The highest EPS estimate is $0.78 and the lowest is $0.66. Criteo posted earnings of $1.21 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 39.7%. The business is expected to announce its next earnings report on Wednesday, February 13th.

On average, analysts expect that Criteo will report full year earnings of $2.38 per share for the current fiscal year, with EPS estimates ranging from $2.31 to $2.44. For the next year, analysts expect that the firm will report earnings of $2.36 per share, with EPS estimates ranging from $2.14 to $2.69. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Criteo.

Criteo (NASDAQ:CRTO) last announced its quarterly earnings data on Wednesday, October 31st. The information services provider reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.06. Criteo had a return on equity of 12.98% and a net margin of 4.50%. The firm had revenue of $223.00 million for the quarter, compared to the consensus estimate of $222.00 million. During the same quarter last year, the business posted $0.65 earnings per share. The firm’s revenue was down 4.7% compared to the same quarter last year.

CRTO has been the topic of a number of analyst reports. Zacks Investment Research downgraded Criteo from a “hold” rating to a “sell” rating in a research report on Tuesday, October 23rd. DA Davidson started coverage on Criteo in a research report on Monday, October 8th. They set a “neutral” rating and a $25.00 price objective on the stock. Berenberg Bank set a $40.00 target price on Criteo and gave the stock a “buy” rating in a research note on Tuesday, January 22nd. ValuEngine raised Criteo from a “strong sell” rating to a “sell” rating in a research note on Wednesday, December 12th. Finally, BidaskClub raised Criteo from a “hold” rating to a “buy” rating in a research note on Wednesday, January 16th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $30.75.

In other news, CEO Jean-Baptiste Rudelle acquired 22,000 shares of the company’s stock in a transaction dated Thursday, November 29th. The stock was acquired at an average cost of $23.42 per share, with a total value of $515,240.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.32% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Conning Inc. grew its stake in Criteo by 92.2% during the 4th quarter. Conning Inc. now owns 139,775 shares of the information services provider’s stock worth $3,176,000 after purchasing an additional 67,065 shares in the last quarter. Bell Rock Capital LLC purchased a new stake in Criteo during the 4th quarter worth about $34,000. Legato Capital Management LLC purchased a new stake in Criteo during the 4th quarter worth about $439,000. Marshall Wace LLP lifted its holdings in Criteo by 42.7% during the 3rd quarter. Marshall Wace LLP now owns 229,582 shares of the information services provider’s stock worth $5,267,000 after buying an additional 68,647 shares during the last quarter. Finally, Neuberger Berman Group LLC purchased a new stake in Criteo during the 3rd quarter worth about $16,608,000. 81.25% of the stock is owned by hedge funds and other institutional investors.

Criteo stock traded down $0.08 during trading on Friday, reaching $24.34. 4,754 shares of the company were exchanged, compared to its average volume of 345,283. Criteo has a 52-week low of $19.13 and a 52-week high of $36.66. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 14.93, a PEG ratio of 3.37 and a beta of 1.31.

Criteo Company Profile

Criteo SA, a technology company, engages in digital performance marketing in France and internationally. The company's Criteo Shopper Graph, which collects clients' proprietary commerce data, such as transaction activity on their digital properties. Its Criteo Engine solutions include recommendation algorithms that create tailored advertisements to specific customer interest by determining the specific products and services to include in the advertisement; predictive bidding algorithms that predict the probability and nature of a user's engagement with a given advertisement; and bidding engine for executing campaigns based on objectives set by the clients.

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