WEBTOON Entertainment (WBTN) Projected to Post Quarterly Earnings on Thursday

WEBTOON Entertainment (NASDAQ:WBTN) will likely be announcing its earnings results after the market closes on Thursday, February 6th. Analysts expect the company to announce earnings of ($0.18) per share for the quarter. WEBTOON Entertainment has set its Q4 2024 guidance at EPS.

WEBTOON Entertainment (NASDAQ:WBTN) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.48) by $0.70. The company had revenue of $347.92 million during the quarter, compared to the consensus estimate of $336.43 million. On average, analysts expect WEBTOON Entertainment to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

WEBTOON Entertainment Price Performance

Shares of WEBTOON Entertainment stock opened at $12.94 on Thursday. WEBTOON Entertainment has a fifty-two week low of $10.05 and a fifty-two week high of $25.66. The firm has a fifty day moving average price of $12.95 and a two-hundred day moving average price of $13.33.

Wall Street Analyst Weigh In

A number of analysts have weighed in on WBTN shares. Morgan Stanley reduced their price target on shares of WEBTOON Entertainment from $17.50 to $16.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of WEBTOON Entertainment from $18.00 to $16.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, The Goldman Sachs Group dropped their price objective on shares of WEBTOON Entertainment from $48.00 to $25.00 and set a “buy” rating for the company in a research note on Monday. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $21.67.

About WEBTOON Entertainment

WEBTOON Entertainment Inc operates a storytelling platform worldwide. The company’s platform allows a community of creators and users to discover, create, and share new content. Its platform offers stories primarily in two ways, including web-comics, a graphical comic-like medium; and web-novels, which are text-based stories.