Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Īhead of this earnings release, the estimate revisions trend for Eventbrite: mixed. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Įmpirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. While Eventbrite has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Įventbrite shares have added about 10.4% since the beginning of the year versus the S&P 500's gain of 7.8%. The company has topped consensus revenue estimates three times over the last four quarters. This compares to year-ago revenues of $55.88 million. Over the last four quarters, the company has surpassed consensus EPS estimates two times.Įventbrite, which belongs to the Zacks Internet - Services industry, posted revenues of $77.91 million for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 4.86%. A quarter ago, it was expected that this company would post a loss of $0.15 per share when it actually produced earnings of $0.04, delivering a surprise of 126.67%. This quarterly report represents an earnings surprise of 13.33%. These figures are adjusted for non-recurring items. This compares to loss of $0.19 per share a year ago. Eventbrite ( EB Quick Quote EB - Free Report) came out with a quarterly loss of $0.13 per share versus the Zacks Consensus Estimate of a loss of $0.15.

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