* Bumble Inc reported quarterly adjusted earnings of $2.33 per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 12 cents. The mean expectation of eighteen analysts for the quarter was for earnings of 19 cents per share. Wall Street expected results to range from 8 cents to 34 cents per share.
* Revenue fell 0.7% to $273.60 million from a year ago; analysts expected $271.87 million.
* Bumble Inc's reported EPS for the quarter was a loss of $5.11.
* The company reported a quarterly loss of $613.2 million.
* Bumble Inc shares had risen by 22.4% this quarter and lost 47.0% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 16.4% in the last three months.
* In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy," 17 "hold" and 1 "sell" or "strong sell."
* The average consensus recommendation for the online services peer group is also "hold"
Wall Street's median 12-month price target for Bumble Inc is $8.00 This summary was machine generated from LSEG data November 7 at 02:29 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 0.19 2.33 Beat
Jun. 30 2024 0.13 0.22 Beat
Mar. 31 2024 0.07 0.19 Beat
Dec. 31 2023 0.12 -0.19 Missed
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