Zacks: Brokerages Expect The Rubicon Project, Inc. (RUBI) to Announce -$0.12 EPS

Wall Street brokerages expect that The Rubicon Project, Inc. (NYSE:RUBI) will post ($0.12) earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for The Rubicon Project’s earnings. The highest EPS estimate is ($0.06) and the lowest is ($0.19). The Rubicon Project posted earnings of $0.37 per share during the same quarter last year, which indicates a negative year over year growth rate of 132.4%. The business is scheduled to report its next quarterly earnings report on Tuesday, March 13th.

According to Zacks, analysts expect that The Rubicon Project will report full-year earnings of ($1.13) per share for the current fiscal year, with EPS estimates ranging from ($2.16) to ($0.53). For the next financial year, analysts expect that the firm will post earnings of ($0.65) per share, with EPS estimates ranging from ($0.88) to ($0.45). Zacks’ earnings per share calculations are a mean average based on a survey of analysts that that provide coverage for The Rubicon Project.

The Rubicon Project (NYSE:RUBI) last released its quarterly earnings results on Thursday, November 2nd. The software maker reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.02). The company had revenue of $35.20 million for the quarter, compared to analyst estimates of $39.38 million. The Rubicon Project had a negative return on equity of 9.23% and a negative net margin of 77.31%. The business’s revenue was down 41.9% on a year-over-year basis. During the same period last year, the firm posted $0.20 earnings per share.

Several equities analysts recently commented on the company. B. Riley reissued a “neutral” rating and set a $5.00 price target on shares of The Rubicon Project in a research report on Wednesday, August 2nd. Needham & Company LLC reissued a “hold” rating on shares of The Rubicon Project in a research report on Friday, November 3rd. Citigroup Inc. reduced their price target on The Rubicon Project from $4.00 to $3.00 and set a “neutral” rating on the stock in a research report on Friday, November 3rd. BidaskClub lowered The Rubicon Project from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Finally, Zacks Investment Research lowered The Rubicon Project from a “buy” rating to a “hold” rating in a research report on Saturday, July 22nd. Two analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $5.61.

The Rubicon Project (RUBI) opened at $1.94 on Friday. The Rubicon Project has a 52-week low of $1.81 and a 52-week high of $9.16.

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Several institutional investors and hedge funds have recently made changes to their positions in RUBI. Dimensional Fund Advisors LP raised its position in shares of The Rubicon Project by 83.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,866,791 shares of the software maker’s stock valued at $9,596,000 after purchasing an additional 846,857 shares in the last quarter. Divisar Capital Management LLC raised its position in shares of The Rubicon Project by 38.5% in the 2nd quarter. Divisar Capital Management LLC now owns 2,476,289 shares of the software maker’s stock valued at $12,728,000 after purchasing an additional 688,801 shares in the last quarter. Citadel Advisors LLC raised its position in shares of The Rubicon Project by 30.6% in the 3rd quarter. Citadel Advisors LLC now owns 935,350 shares of the software maker’s stock valued at $3,639,000 after purchasing an additional 218,914 shares in the last quarter. Marshall Wace North America L.P. acquired a new position in shares of The Rubicon Project in the 2nd quarter valued at approximately $863,000. Finally, Vanguard Group Inc. raised its position in shares of The Rubicon Project by 10.0% in the 1st quarter. Vanguard Group Inc. now owns 1,619,460 shares of the software maker’s stock valued at $9,538,000 after purchasing an additional 146,748 shares in the last quarter. 62.18% of the stock is currently owned by institutional investors.

The Rubicon Project Company Profile

The Rubicon Project, Inc offers a technology solution to automate the purchase and sale of advertising for buyers and sellers. The Company’s solution enables buyers and sellers to purchase and sell a range of advertising units, including display and video; utilizing various inventory types, including direct sale of inventory and real-time bidding (RTB), and across digital channels, including mobile Web, mobile application and desktop, as well as across various out of home channels, such as digital billboards.

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