Opera (OPRA) to Release Earnings on Thursday

Opera (NASDAQ:OPRA) will issue its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.14 per share for the quarter. Opera has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

Opera (NASDAQ:OPRA) last announced its quarterly earnings results on Thursday, February 29th. The company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $1.20. The company had revenue of $113.00 million for the quarter, compared to analyst estimates of $112.20 million. Opera had a net margin of 42.69% and a return on equity of 19.90%. On average, analysts expect Opera to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Opera Price Performance

Shares of NASDAQ:OPRA opened at $14.52 on Thursday. Opera has a one year low of $9.40 and a one year high of $28.58. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.56 and a quick ratio of 4.69. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 7.72 and a beta of 0.81. The firm has a 50 day simple moving average of $13.98 and a 200 day simple moving average of $12.52.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of OPRA. Goldman Sachs Group Inc. increased its stake in shares of Opera by 47.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 118,797 shares of the company’s stock valued at $1,572,000 after buying an additional 38,328 shares during the period. Voloridge Investment Management LLC increased its position in Opera by 73.7% during the 4th quarter. Voloridge Investment Management LLC now owns 510,286 shares of the company’s stock valued at $6,751,000 after purchasing an additional 216,448 shares during the period. Cubist Systematic Strategies LLC raised its holdings in Opera by 466.0% during the 4th quarter. Cubist Systematic Strategies LLC now owns 167,293 shares of the company’s stock worth $2,213,000 after purchasing an additional 137,734 shares during the last quarter. Caxton Associates LP lifted its position in shares of Opera by 62.4% in the 4th quarter. Caxton Associates LP now owns 35,698 shares of the company’s stock worth $472,000 after purchasing an additional 13,713 shares during the period. Finally, State of Tennessee Treasury Department bought a new stake in shares of Opera in the 4th quarter valued at $290,000. 10.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on OPRA shares. TheStreet raised Opera from a “c+” rating to a “b-” rating in a report on Monday, March 4th. TD Cowen lifted their price target on Opera from $23.00 to $25.00 and gave the company an “outperform” rating in a research note on Friday, March 1st.

Opera Company Profile

Opera Limited, together with its subsidiaries, provides mobile and PC web browsers. It operates in two segments, Browser and News, and Other. The company offers mobile browser products, such as Opera Mini, Opera for Android and iOS, Opera GX Mobile, and Opera Touch; PC browsers, including Opera for Computers and Opera GX; Apex Football; Opera VPN Pro; and Opera News, an AI-powered personalized news discovery and aggregation service.