Brokerages forecast that Criteo SA (NASDAQ:CRTO) will report earnings per share of $0.91 for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Criteo’s earnings. The highest EPS estimate is $0.98 and the lowest is $0.85. Criteo posted earnings per share of $0.84 during the same quarter last year, which suggests a positive year over year growth rate of 8.3%. The business is scheduled to issue its next quarterly earnings results on Wednesday, February 12th.
According to Zacks, analysts expect that Criteo will report full year earnings of $2.51 per share for the current year, with EPS estimates ranging from $2.45 to $2.59. For the next fiscal year, analysts forecast that the company will report earnings of $2.41 per share, with EPS estimates ranging from $2.27 to $2.69. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Criteo.
Criteo (NASDAQ:CRTO) last issued its earnings results on Wednesday, October 30th. The information services provider reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.26. Criteo had a return on equity of 11.08% and a net margin of 3.80%. The business had revenue of $221.00 million during the quarter, compared to analysts’ expectations of $221.76 million. During the same period in the prior year, the business earned $0.53 EPS. The business’s revenue for the quarter was down .9% compared to the same quarter last year.
Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. cut Criteo from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $24.00 to $16.00 in a report on Thursday, October 31st. Deutsche Bank lowered their target price on Criteo from $32.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, October 31st. ValuEngine upgraded Criteo from a “strong sell” rating to a “sell” rating in a report on Wednesday. Rosenblatt Securities reiterated a “hold” rating and issued a $20.00 target price on shares of Criteo in a report on Thursday, November 14th. Finally, Zacks Investment Research raised Criteo from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Tuesday, October 29th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $22.28.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. DNB Asset Management AS increased its position in Criteo by 40.2% during the 3rd quarter. DNB Asset Management AS now owns 2,863,379 shares of the information services provider’s stock valued at $53,517,000 after buying an additional 820,400 shares in the last quarter. Morgan Stanley increased its position in Criteo by 53.4% during the 2nd quarter. Morgan Stanley now owns 2,546,000 shares of the information services provider’s stock valued at $43,817,000 after buying an additional 886,050 shares in the last quarter. Invesco Ltd. increased its position in Criteo by 12.8% during the 2nd quarter. Invesco Ltd. now owns 2,340,569 shares of the information services provider’s stock valued at $40,281,000 after buying an additional 264,952 shares in the last quarter. Acadian Asset Management LLC increased its position in Criteo by 13.7% during the 2nd quarter. Acadian Asset Management LLC now owns 2,192,422 shares of the information services provider’s stock valued at $37,729,000 after buying an additional 264,113 shares in the last quarter. Finally, Rice Hall James & Associates LLC increased its position in Criteo by 2.8% during the 3rd quarter. Rice Hall James & Associates LLC now owns 1,400,056 shares of the information services provider’s stock valued at $26,167,000 after buying an additional 37,474 shares in the last quarter. 82.65% of the stock is owned by hedge funds and other institutional investors.
Shares of CRTO stock traded up $0.16 during mid-day trading on Monday, hitting $17.01. The stock had a trading volume of 456,454 shares, compared to its average volume of 519,308. Criteo has a 12-month low of $15.90 and a 12-month high of $30.85. The firm has a market capitalization of $1.06 billion, a P/E ratio of 10.37 and a beta of 0.74. The firm’s 50-day moving average is $18.19 and its two-hundred day moving average is $18.71.
Criteo Company Profile
Criteo SA, a technology company, provides an advertising platform for the open Internet 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 AI Engine solutions include Lookalike finder algorithms; recommendation algorithms; predictive bidding algorithms; bidding engine that executes campaigns based on certain objectives set by its clients; dynamic creative optimization+, which assembles customized creative advertising content by optimizing each individual creative component in the advertisement; software systems and processes, which enable data synchronization, storage, and analysis of distributed computing infrastructure in various geographies; and experimentation platform, an offline/online platform to enhance the capabilities and effectiveness of prediction models.
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