Eventbrite Inc (EB) Expected to Announce Earnings of -$0.10 Per Share

Analysts predict that Eventbrite Inc (NYSE:EB) will announce earnings of ($0.10) per share for the current quarter, according to Zacks. Two analysts have made estimates for Eventbrite’s earnings, with estimates ranging from ($0.11) to ($0.08). The business is scheduled to report its next earnings results after the market closes on Monday, February 11th.

On average, analysts expect that Eventbrite will report full-year earnings of ($0.31) per share for the current fiscal year, with EPS estimates ranging from ($0.39) to ($0.22). For the next financial year, analysts expect that the business will post earnings of $0.15 per share, with EPS estimates ranging from $0.08 to $0.21. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Eventbrite.

Eventbrite (NYSE:EB) last issued its earnings results on Monday, November 12th. The company reported ($1.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.47) by ($0.77). The business had revenue of $73.60 million for the quarter, compared to the consensus estimate of $71.66 million. During the same quarter in the previous year, the business earned ($0.61) earnings per share. Eventbrite’s revenue for the quarter was up 45.2% compared to the same quarter last year.

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus cut shares of Eventbrite from a “buy” rating to a “hold” rating and set a $33.00 price target for the company. in a research report on Wednesday, December 19th. Royal Bank of Canada assumed coverage on shares of Eventbrite in a research report on Monday, October 15th. They set an “outperform” rating and a $37.00 price target for the company. JPMorgan Chase & Co. assumed coverage on shares of Eventbrite in a research report on Monday, October 15th. They set a “neutral” rating and a $31.00 price target for the company. Goldman Sachs Group assumed coverage on shares of Eventbrite in a research report on Monday, October 15th. They set a “neutral” rating and a $28.00 price target for the company. Finally, SunTrust Banks assumed coverage on shares of Eventbrite in a research report on Monday, October 15th. They set a “hold” rating and a $30.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $31.80.

Several hedge funds have recently made changes to their positions in the stock. Sit Investment Associates Inc. grew its holdings in shares of Eventbrite by 233.2% in the fourth quarter. Sit Investment Associates Inc. now owns 18,075 shares of the company’s stock valued at $503,000 after purchasing an additional 12,650 shares in the last quarter. Vanguard Group Inc acquired a new position in shares of Eventbrite in the third quarter valued at approximately $26,433,000. Marshall Wace North America L.P. acquired a new position in Eventbrite during the 3rd quarter worth approximately $1,318,000. Vanguard Group Inc. acquired a new position in Eventbrite during the 3rd quarter worth approximately $26,433,000. Finally, Morgan Stanley acquired a new position in Eventbrite during the 3rd quarter worth approximately $12,168,000. Hedge funds and other institutional investors own 36.00% of the company’s stock.

Shares of EB traded down $0.70 during trading on Thursday, reaching $30.48. 11,816 shares of the company traded hands, compared to its average volume of 190,655. Eventbrite has a twelve month low of $24.67 and a twelve month high of $40.25. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.23.

About Eventbrite

Eventbrite, Inc operates as a technology platform worldwide. Its platform integrates components needed to plan, promote, and produce live events that allow creators to reduce friction and costs, increase reach, and drive ticket sales. The company was formerly known as Mollyguard Corporation and changed its name to Eventbrite, Inc in 2009.

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