Taboola.com (NASDAQ:TBLA) Issues Earnings Results, Beats Estimates By $0.04 EPS

Taboola.com (NASDAQ:TBLA) issued its quarterly earnings data on Wednesday. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.04, Briefing.com reports. The business had revenue of $428.00 million during the quarter, compared to analyst estimates of $428.67 million. Taboola.com had a negative net margin of 5.04% and a negative return on equity of 2.64%. The firm’s quarterly revenue was up 28.9% on a year-over-year basis. During the same quarter last year, the business earned ($0.05) EPS. Taboola.com updated its FY 2024 guidance to EPS and its Q3 2024 guidance to EPS.

Taboola.com Stock Up 1.6 %

NASDAQ:TBLA traded up $0.05 during trading hours on Friday, hitting $3.14. 589,035 shares of the company traded hands, compared to its average volume of 1,185,652. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm’s 50-day simple moving average is $3.43 and its 200-day simple moving average is $4.06. Taboola.com has a one year low of $2.87 and a one year high of $5.00. The company has a market cap of $912.90 million, a PE ratio of -13.43 and a beta of 1.29.

Analyst Ratings Changes

TBLA has been the subject of a number of research reports. B. Riley reiterated a “buy” rating and issued a $5.25 price objective on shares of Taboola.com in a report on Wednesday, April 24th. Benchmark reissued a “buy” rating and set a $6.00 target price on shares of Taboola.com in a research report on Tuesday. Finally, Needham & Company LLC reissued a “buy” rating and set a $5.00 target price on shares of Taboola.com in a research report on Thursday. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $5.59.

Taboola.com Company Profile

Taboola.com Ltd., together with its subsidiaries, operates an artificial intelligence-based algorithmic engine platform in Israel, the United States, the United Kingdom, Germany, and internationally. It offers Taboola, a platform that partners with websites, devices, and mobile apps to recommend editorial content and advertisements on the open web to users.