Scout24 (SCOTF) to Release Quarterly Earnings on Wednesday

Scout24 (OTCMKTS:SCOTF) is projected to post its results before the market opens on Wednesday, April 29th. Analysts expect Scout24 to post earnings of $0.2353 per share and revenue of $351.0840 million for the quarter.

Scout24 Price Performance

OTCMKTS SCOTF opened at $81.30 on Monday. The company has a 50 day simple moving average of $114.00 and a 200-day simple moving average of $116.23. Scout24 has a 52-week low of $81.30 and a 52-week high of $141.53.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Morgan Stanley upgraded shares of Scout24 from an “equal weight” rating to an “overweight” rating in a research note on Friday, January 9th. UBS Group upgraded shares of Scout24 to a “buy” rating in a report on Monday, February 9th. Finally, Jefferies Financial Group raised shares of Scout24 to a “buy” rating in a research note on Tuesday, January 6th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Scout24 has an average rating of “Buy”.

Scout24 Company Profile

Scout24 AG is a Germany-based operator of digital marketplaces specializing in real estate and automotive sectors. Headquartered in Munich, the company’s flagship platforms include ImmobilienScout24, a leading online property portal in Germany and Austria, and AutoScout24, one of Europe’s largest online marketplaces for new and used vehicles. These platforms connect private individuals, brokers and dealers with prospective buyers through searchable listings, digital marketing tools and ancillary services such as valuation modules and financing calculators.

Founded in 1998 as ImmobilienScout GmbH and rebranded to Scout24 AG in 2004, the company has expanded its footprint to serve multiple European markets.