Bumble Shares Slide 4.89% as Earnings Estimates Come Into Focus
The dating app company fell more than major indexes, while Zacks estimates point to lower quarterly earnings and revenue.
Bumble shares fell 4.89% to $2.53 in the latest session, a steeper decline than the major U.S. indexes. The S&P 500 lost 0.77%, the Dow fell 0.67% and the Nasdaq dropped 0.92%.
The stock is down 2.56% over the past month, while the Computer and Technology sector gained 6.26% and the S&P 500 rose 0.96%, according to the source article.
Ahead of Bumble’s upcoming earnings report, Zacks Consensus estimates call for quarterly earnings of $0.24 per share. That would be 31.43% below the same quarter a year earlier. Revenue is projected at $210.25 million, down 14.59%.
For the full year, Zacks estimates a loss of $0.08 per share and revenue of $833.25 million. Those figures represent changes of 98.67% and negative 13.71%, respectively, from the previous year.
The Zacks Consensus EPS estimate has fallen 112.82% over the past month, the publisher reported. The source did not give a date for Bumble’s upcoming earnings disclosure.
This article was produced with the help of AI technology.
Source: Yahoo Finance
