WEBTOON Entertainment (WBTN) to Release Quarterly Earnings on Thursday

WEBTOON Entertainment (NASDAQ:WBTN) is expected to post its quarterly earnings results after the market closes on Thursday, February 6th. Analysts expect WEBTOON Entertainment to post 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 data on Thursday, November 7th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of ($0.48) by $0.70. The firm had revenue of $347.92 million for the quarter, compared to analyst estimates 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 Trading Up 1.3 %

WBTN opened at $12.92 on Tuesday. The firm has a fifty day moving average price of $13.01 and a 200 day moving average price of $13.16. WEBTOON Entertainment has a 1 year low of $10.05 and a 1 year high of $25.66.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Morgan Stanley decreased their price objective on shares of WEBTOON Entertainment from $17.50 to $16.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Deutsche Bank Aktiengesellschaft reduced their price target on 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 WEBTOON Entertainment from $48.00 to $25.00 and set a “buy” rating on the stock in a report on Monday, January 27th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, WEBTOON Entertainment currently 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.