Bumble (BMBL) Scheduled to Post Earnings on Wednesday

Bumble (NASDAQ:BMBL) is set to release its earnings data after the market closes on Wednesday, November 6th. Analysts expect Bumble to post earnings of $0.20 per share for the quarter. Bumble has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Bumble (NASDAQ:BMBL) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.07. The company had revenue of $268.60 million during the quarter, compared to analyst estimates of $273.04 million. Bumble had a return on equity of 1.82% and a net margin of 3.93%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.05 EPS. On average, analysts expect Bumble to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Bumble Price Performance

Shares of BMBL opened at $7.20 on Wednesday. Bumble has a one year low of $4.80 and a one year high of $15.90. The stock’s fifty day moving average is $6.64 and its 200-day moving average is $8.74. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.38 and a current ratio of 2.38. The firm has a market capitalization of $908.63 million, a price-to-earnings ratio of 42.35 and a beta of 1.66.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Royal Bank of Canada dropped their price target on shares of Bumble from $16.00 to $8.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Evercore ISI cut Bumble from an “outperform” rating to an “inline” rating and dropped their target price for the stock from $18.00 to $8.00 in a report on Thursday, August 8th. TD Cowen downgraded Bumble from a “buy” rating to a “hold” rating and cut their target price for the stock from $22.00 to $7.50 in a research report on Friday, August 16th. Deutsche Bank Aktiengesellschaft lowered their price target on Bumble from $11.00 to $7.00 and set a “hold” rating on the stock in a research report on Thursday, August 8th. Finally, Wolfe Research began coverage on Bumble in a report on Tuesday, July 16th. They issued an “outperform” rating and a $14.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $8.50.

About Bumble

Bumble Inc provides online dating and social networking platforms in North America, Europe, internationally. It owns and operates websites and applications that offers subscription and in-app purchases dating products. The company operates apps, including Bumble, a dating app built with women at the center, where women make the first move; Badoo, the web and mobile free-to-use dating app; Official app where users connect their profile with that of their partner enabling a shared, linked product experience; Bumble BFF and Bumble Bizz Modes that have a format similar to the date mode requiring users to set up profiles and matching users through yes and no votes, similar to the dating platform; and Bumble for Friends, a friendship app where people in all stages of life can meet people nearby and create meaningful platonic connections, as well as Fruitz app is centered around encouraging honesty and transparency by sharing dating intentions from the first touch point.