Wall Street analysts expect Eventbrite Inc (NYSE:EB) to post $72.90 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Eventbrite’s earnings, with the highest sales estimate coming in at $73.10 million and the lowest estimate coming in at $72.70 million. The firm is scheduled to announce its next earnings report on Monday, February 11th.
On average, analysts expect that Eventbrite will report full year sales of $288.93 million for the current year, with estimates ranging from $288.40 million to $289.60 million. For the next year, analysts expect that the business will report sales of $363.77 million, with estimates ranging from $361.21 million to $366.70 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Eventbrite.
Eventbrite (NYSE:EB) last posted its quarterly earnings data on Monday, November 12th. The company reported ($1.24) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.47) by ($0.77). The firm had revenue of $73.60 million for the quarter, compared to analysts’ expectations of $71.66 million. The business’s quarterly revenue was up 45.2% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.61) EPS.
A number of brokerages recently commented on EB. Stifel Nicolaus reiterated a “buy” rating and issued a $33.00 target price on shares of Eventbrite in a research report on Tuesday, November 13th. Goldman Sachs Group began coverage on shares of Eventbrite in a research report on Monday, October 15th. They issued a “neutral” rating and a $28.00 target price on the stock. JPMorgan Chase & Co. began coverage on shares of Eventbrite in a research report on Monday, October 15th. They issued a “neutral” rating and a $31.00 target price on the stock. Royal Bank of Canada began coverage on shares of Eventbrite in a research report on Monday, October 15th. They issued an “outperform” rating and a $37.00 target price on the stock. Finally, SunTrust Banks began coverage on shares of Eventbrite in a research report on Monday, October 15th. They issued a “hold” rating and a $30.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $31.80.
Large investors have recently modified their holdings of the stock. Gilder Gagnon Howe & Co. LLC acquired a new position in shares of Eventbrite during the third quarter valued at about $337,000. Wells Fargo & Company MN acquired a new stake in shares of Eventbrite in the 3rd quarter worth about $2,786,000. Pendal Group Ltd acquired a new stake in shares of Eventbrite in the 3rd quarter worth about $189,000. Jennison Associates LLC acquired a new stake in shares of Eventbrite in the 3rd quarter worth about $3,725,000. Finally, Eagle Asset Management Inc. acquired a new stake in shares of Eventbrite in the 3rd quarter worth about $11,500,000. Institutional investors own 35.98% of the company’s stock.
Shares of Eventbrite stock traded up $0.43 on Tuesday, hitting $29.44. 4,137 shares of the company traded hands, compared to its average volume of 233,866. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.66 and a current ratio of 1.66. Eventbrite has a 12-month low of $24.67 and a 12-month high of $40.25.
Eventbrite Company Profile
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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