Eventbrite, Inc. (NYSE:EB) Expected to Announce Quarterly Sales of $48.75 Million

Equities research analysts predict that Eventbrite, Inc. (NYSE:EBGet Rating) will post sales of $48.75 million for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Eventbrite’s earnings. The highest sales estimate is $49.90 million and the lowest is $47.50 million. Eventbrite reported sales of $27.82 million in the same quarter last year, which indicates a positive year-over-year growth rate of 75.2%. The company is expected to announce its next earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Eventbrite will report full-year sales of $268.73 million for the current year, with estimates ranging from $255.00 million to $276.60 million. For the next financial year, analysts forecast that the business will post sales of $350.91 million, with estimates ranging from $330.00 million to $367.07 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Eventbrite.

Eventbrite (NYSE:EBGet Rating) last issued its earnings results on Thursday, February 10th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.03). The business had revenue of $59.64 million for the quarter, compared to analysts’ expectations of $55.92 million. Eventbrite had a negative return on equity of 51.58% and a negative net margin of 74.86%. During the same period last year, the company posted ($0.22) earnings per share.

A number of equities research analysts have commented on the company. Morgan Stanley lowered their target price on Eventbrite from $18.00 to $17.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 16th. Zacks Investment Research cut Eventbrite from a “hold” rating to a “sell” rating in a report on Tuesday, April 12th.

NYSE:EB traded down $0.42 during trading hours on Tuesday, reaching $13.37. 1,012,623 shares of the company traded hands, compared to its average volume of 664,543. The firm’s 50-day moving average is $14.37 and its 200-day moving average is $16.36. The stock has a market cap of $1.30 billion, a P/E ratio of -8.97 and a beta of 2.84. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.88 and a quick ratio of 1.88. Eventbrite has a 1-year low of $12.60 and a 1-year high of $24.00.

In related news, CTO Vivek Sagi sold 25,000 shares of the stock in a transaction on Tuesday, February 15th. The stock was sold at an average price of $15.48, for a total value of $387,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 14.05% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Artisan Partners Limited Partnership grew its stake in Eventbrite by 40.1% in the third quarter. Artisan Partners Limited Partnership now owns 2,042,806 shares of the company’s stock worth $38,629,000 after purchasing an additional 584,867 shares in the last quarter. Nordea Investment Management AB boosted its stake in Eventbrite by 3.2% in the fourth quarter. Nordea Investment Management AB now owns 269,058 shares of the company’s stock valued at $4,663,000 after acquiring an additional 8,380 shares during the period. New York State Common Retirement Fund boosted its stake in Eventbrite by 30.7% in the third quarter. New York State Common Retirement Fund now owns 388,195 shares of the company’s stock valued at $7,341,000 after acquiring an additional 91,253 shares during the period. CWM LLC acquired a new position in Eventbrite in the fourth quarter valued at approximately $9,816,000. Finally, UBS Asset Management Americas Inc. boosted its stake in Eventbrite by 4.2% in the third quarter. UBS Asset Management Americas Inc. now owns 63,945 shares of the company’s stock valued at $1,209,000 after acquiring an additional 2,591 shares during the period. 86.96% of the stock is currently owned by institutional investors.

Eventbrite Company Profile (Get Rating)

Eventbrite, Inc operates a self-service ticketing and experience technology platform that serves event creators in the United States and internationally. Its platform integrates components needed to plan, promote, and produce live events that allow creators to reduce friction and costs, increase reach, and drive ticket sales.

Featured Stories

Get a free copy of the Zacks research report on Eventbrite (EB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Eventbrite (NYSE:EB)

Receive News & Ratings for Eventbrite Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eventbrite and related companies with MarketBeat.com's FREE daily email newsletter.