Opera (OPRA) Scheduled to Post Earnings on Tuesday

Opera (NASDAQ:OPRA) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.23 per share for the quarter. Opera has set its Q3 2024 guidance at EPS and its FY 2024 guidance at EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Opera (NASDAQ:OPRA) last posted its earnings results on Thursday, August 22nd. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.05. Opera had a return on equity of 19.59% and a net margin of 40.85%. The company had revenue of $109.73 million for the quarter, compared to analyst estimates of $108.65 million. During the same quarter in the previous year, the firm earned $0.15 earnings per share. On average, analysts expect Opera to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Opera Price Performance

Shares of OPRA stock opened at $16.48 on Friday. Opera has a fifty-two week low of $10.11 and a fifty-two week high of $17.31. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 8.77 and a beta of 1.04. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.51 and a current ratio of 2.51. The stock’s 50-day simple moving average is $14.84 and its 200-day simple moving average is $13.94.

Wall Street Analyst Weigh In

Separately, B. Riley boosted their price target on Opera from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd.

About Opera

Opera Limited, together with its subsidiaries, provides mobile and PC web browsers and related products and services in Norway and internationally. The company offers mobile browser products, such as Opera Mini, Opera browser for Android and iOS, and Opera GX for PCs and Mobile; Opera Touch; PC browsers, including Opera for Computers and Opera GX; Apex Football; Opera VPN Pro; and Opera News, an AI-powered personalized news discovery and aggregation service.