Bumble (BMBL) to Release Earnings on Wednesday

Bumble (NASDAQ:BMBL) is scheduled to be releasing 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.Individual interested in participating in the company’s earnings conference call can do so using this link.

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

Bumble Trading Down 0.7 %

BMBL opened at $7.26 on Tuesday. Bumble has a 1-year low of $4.80 and a 1-year high of $15.90. The company has a market cap of $918.68 million, a P/E ratio of 21.35 and a beta of 1.62. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.45. The company’s 50 day moving average is $6.69 and its 200-day moving average is $8.66.

Analyst Ratings Changes

BMBL has been the topic of a number of analyst reports. Wells Fargo & Company lowered their target price on shares of Bumble from $10.00 to $7.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. The Goldman Sachs Group lowered their target price on shares of Bumble from $18.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Hsbc Global Res lowered Bumble from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. Royal Bank of Canada reduced 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. Finally, Bank of America lowered shares of Bumble from a “buy” rating to an “underperform” rating and dropped their target price for the stock from $12.00 to $5.50 in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average 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.