Eventbrite, Inc. (NYSE:EB) is reporting third quarter financial results on Thursday 5th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, EB is expected to report 3Q20 loss of $ 0.41 per share from revenue of $ 26.05 million.
For the full year, analysts anticipate top line of $ 124.07 million, while looking forward to loss of $ 2.81 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 342.00 million ~ $ 359.00 million
Click Here For More Historical Outlooks Of Eventbrite, Inc.
Previous Quarter Performance
Eventbrite, Inc. unveiled loss for the second quarter of $ 0.44 per share, from the revenue of $ 8.39 million. The quarterly revenues shrunk 89.61 percent compared with the same quarter last year. According to street consensus, EB was expected to report 2Q20 loss of $ 0.50 per share from revenue of $ 13.42 million. The bottom line results beat street analysts by $ 0.06 or 12.00 percent, at the same time, top line results fell short of analysts by $ 5.03 million or 37.48 percent.
Stock Performance
Shares of Eventbrite, Inc. traded low $ -0.13 or -1.35 percent on Wednesday, reaching $ 9.50 with volume of 761.90 thousand shares. Eventbrite, Inc. has traded high as $ 9.73 and has cracked $ 9.20 on the downward trend
The closing price of $ 9.50, representing a 68.65 % increase from the 52 week low of $ 5.71 and a 57.95 % decrease over the 52 week high of $ 22.90.
The company has a market capital of $ 863.08 million and is part of the Technology sector and Software – Application industry.
Conference Call
Eventbrite, Inc. will be hosting a conference call at 5:00 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.eventbrite.com
Eventbrite, Inc. operates a ticketing and event technology platform 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.
