Rumble (RUM) to Release Earnings on Tuesday

Rumble (NASDAQ:RUMGet Free Report) will be posting its quarterly earnings results after the market closes on Tuesday, November 12th. Analysts expect Rumble to post earnings of ($0.13) per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Rumble (NASDAQ:RUMGet Free Report) last released its quarterly earnings results on Monday, August 12th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.03). Rumble had a negative net margin of 163.37% and a negative return on equity of 54.31%. The company had revenue of $22.47 million during the quarter, compared to the consensus estimate of $19.69 million. On average, analysts expect Rumble to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Rumble Trading Up 6.6 %

Shares of NASDAQ RUM opened at $6.11 on Friday. The firm has a fifty day simple moving average of $5.55 and a two-hundred day simple moving average of $6.02. Rumble has a 12 month low of $3.33 and a 12 month high of $9.20. The firm has a market capitalization of $2.38 billion, a PE ratio of -9.85 and a beta of 0.72.

Analysts Set New Price Targets

Separately, Wedbush reaffirmed a “neutral” rating and set a $8.00 price objective on shares of Rumble in a research report on Tuesday, August 13th.

View Our Latest Research Report on Rumble

Insiders Place Their Bets

In related news, Director Robert Arsov sold 27,500 shares of Rumble stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $5.59, for a total transaction of $153,725.00. Following the completion of the transaction, the director now directly owns 14,769,837 shares of the company’s stock, valued at $82,563,388.83. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last 90 days, insiders sold 195,000 shares of company stock worth $1,086,500. 72.90% of the stock is owned by corporate insiders.

Rumble Company Profile

(Get Free Report)

Rumble Inc operates video sharing platforms in the United States, Canada, and internationally. The company operates rumble.com, a free-to-use video sharing and livestreaming platform where users can subscribe to channels to stay in touch with creators, and access video on-demand (VOD) and live content streamed by creators.

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Earnings History for Rumble (NASDAQ:RUM)

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