Criteo SA (CRTO) Expected to Announce Earnings of $0.47 Per Share

Equities research analysts expect that Criteo SA (NASDAQ:CRTO) will report earnings of $0.47 per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for Criteo’s earnings, with estimates ranging from $0.42 to $0.51. Criteo posted earnings of $0.65 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 27.7%. The company is scheduled to announce its next quarterly earnings results on Wednesday, November 7th.

On average, analysts expect that Criteo will report full year earnings of $2.36 per share for the current financial year, with EPS estimates ranging from $2.24 to $2.65. For the next fiscal year, analysts anticipate that the business will post earnings of $2.44 per share, with EPS estimates ranging from $1.70 to $2.99. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Criteo.

Criteo (NASDAQ:CRTO) last announced its quarterly earnings results on Wednesday, August 1st. The information services provider reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.14. The firm had revenue of $230.00 million for the quarter, compared to the consensus estimate of $229.33 million. Criteo had a return on equity of 14.05% and a net margin of 4.55%. The company’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.39 earnings per share.

A number of research analysts have weighed in on the company. Zacks Investment Research downgraded Criteo from a “hold” rating to a “sell” rating in a report on Tuesday, July 10th. Pivotal Research assumed coverage on Criteo in a report on Monday, July 9th. They issued a “buy” rating and a $48.00 target price on the stock. ValuEngine raised Criteo from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 10th. Nomura assumed coverage on Criteo in a report on Tuesday, July 10th. They issued a “neutral” rating and a $34.00 target price on the stock. Finally, BidaskClub raised Criteo from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 26th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $38.00.

Shares of NASDAQ:CRTO opened at $23.10 on Friday. The firm has a market cap of $1.52 billion, a PE ratio of 14.17 and a beta of 1.65. Criteo has a 1 year low of $21.00 and a 1 year high of $47.57.

In other Criteo news, COO Mary Spilman sold 3,815 shares of the stock in a transaction dated Monday, July 30th. The stock was sold at an average price of $33.74, for a total value of $128,718.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 3.32% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Mount Yale Investment Advisors LLC purchased a new stake in Criteo in the first quarter worth about $176,000. TD Asset Management Inc. purchased a new stake in Criteo in the second quarter worth about $249,000. Oppenheimer Asset Management Inc. purchased a new stake in Criteo in the second quarter worth about $249,000. Sei Investments Co. purchased a new stake in Criteo in the second quarter worth about $366,000. Finally, BlackRock Inc. increased its position in Criteo by 100.2% in the second quarter. BlackRock Inc. now owns 14,268 shares of the information services provider’s stock worth $469,000 after buying an additional 7,141 shares in the last quarter. Institutional investors and hedge funds own 86.38% of the company’s stock.

Criteo Company Profile

Criteo SA, a technology company, engages in digital performance marketing in France and internationally. The company's Criteo Shopper Graph, which collects clients' proprietary commerce data, such as transaction activity on their digital properties. Its Criteo Engine solutions include recommendation algorithms that create tailored advertisements to specific customer interest by determining the specific products and services to include in the advertisement; predictive bidding algorithms that predict the probability and nature of a user's engagement with a given advertisement; and bidding engine for executing campaigns based on objectives set by the clients.

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Earnings History and Estimates for Criteo (NASDAQ:CRTO)

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