Agora (API) Set to Announce Quarterly Earnings on Monday

Agora (NASDAQ:API) will post its quarterly earnings results after the market closes on Monday, November 25th. Parties interested in participating in the company’s conference call can do so using this link.

Agora (NASDAQ:API) last issued its earnings results on Monday, August 19th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03). Agora had a negative net margin of 31.69% and a negative return on equity of 7.32%. The firm had revenue of $34.21 million during the quarter, compared to the consensus estimate of $34.46 million. During the same period in the previous year, the firm earned ($0.45) earnings per share. On average, analysts expect Agora to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Agora Price Performance

Shares of NASDAQ:API opened at $4.39 on Monday. Agora has a twelve month low of $1.65 and a twelve month high of $6.43. The stock’s 50 day moving average is $3.01 and its 200-day moving average is $2.61. The company has a quick ratio of 8.29, a current ratio of 8.29 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $404.76 million, a price-to-earnings ratio of -9.54 and a beta of -0.03.

Analyst Upgrades and Downgrades

Separately, Bank of America cut shares of Agora from a “buy” rating to a “neutral” rating and dropped their price target for the company from $4.00 to $2.63 in a research report on Tuesday, August 20th.

Agora Company Profile

Agora, Inc operates in real-time engagement technology business in the People's Republic of China, the United States, and internationally. The company offers real-time engagement platform-as-a-services providing developers with application programming interfaces to embed real-time voice, video, interactive live-streaming, chat, whiteboard, and artificial intelligence capabilities into their applications.