RumbleOn (RMBL) to Release Quarterly Earnings on Wednesday

RumbleOn (NASDAQ:RMBL) is scheduled to be releasing its earnings data before the market opens on Wednesday, May 8th. Analysts expect RumbleOn to post earnings of ($0.09) per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

RumbleOn (NASDAQ:RMBL) last released its quarterly earnings data on Thursday, March 14th. The company reported ($4.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by ($3.98). The business had revenue of $311.10 million during the quarter, compared to analysts’ expectations of $343.72 million. RumbleOn had a negative return on equity of 63.48% and a negative net margin of 15.63%. On average, analysts expect RumbleOn to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

RumbleOn Trading Up 4.2 %

NASDAQ:RMBL opened at $5.21 on Monday. The stock has a fifty day moving average price of $6.13 and a two-hundred day moving average price of $6.56. The stock has a market capitalization of $183.41 million, a price-to-earnings ratio of -0.49 and a beta of 2.08. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.34 and a current ratio of 1.22. RumbleOn has a 1 year low of $4.82 and a 1 year high of $13.52.

Analyst Upgrades and Downgrades

Several research firms have weighed in on RMBL. Wedbush lowered their target price on RumbleOn from $7.50 to $7.00 and set an “outperform” rating on the stock in a report on Friday, March 15th. B. Riley reissued a “buy” rating and issued a $13.00 target price (up previously from $11.00) on shares of RumbleOn in a report on Friday, March 15th. Finally, DA Davidson lowered their target price on RumbleOn from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, March 15th.

About RumbleOn

RumbleOn, Inc primarily operates as a powersports retailer in the United States. It operates in two segments, Powersports and Vehicle Transportation Services. The Powersports segment provides new and pre-owned motorcycles, all-terrain vehicles, utility terrain or side-by-side vehicles, personal watercraft, snowmobiles, and other powersports products.