Bumble Inc. stock closes down at $9.13, underperforming S&P 500, upcoming earnings report projected to increase EPS

From Nasdaq: 2024-07-26 18:15:19

In the latest trading session, Bumble Inc. closed at $9.13, down -0.44%. It underperformed compared to the S&P 500, which gained 1.11%. The company also saw a loss of 10.36% in the previous month. Bumble Inc.’s upcoming earnings report on August 7, 2024, is projected to have an EPS of $0.15 and revenue of $273.73 million.

Analysts are closely watching Bumble Inc.’s upcoming earnings report, anticipating a 200% increase in EPS. The Zacks Consensus Estimates project annual earnings of $0.90 per share and revenue of $1.14 billion. Recent revisions in estimates indicate a favorable outlook on the company’s performance and potential stock price growth.

Bumble Inc. currently has a Zacks Rank of #4 (Sell) with a Forward P/E ratio of 10.21, trading at a discount compared to its industry average. The Internet – Software industry, to which it belongs, holds a Zacks Industry Rank of 96, placing it in the top 39% of all industries. Investors can track Bumble Inc.’s performance on Zacks.com for the latest updates.

Analysts are potentially underestimating certain stocks, with the possibility of a significant jump of +10-20% after earnings announcements. To access these potential opportunities, follow the link and get free reports on top-performing stocks. Stay informed with Zacks Investment Research for the latest recommendations and analysis on Bumble Inc. Stock analysis reports and articles are available on Zacks.com for further reading.



Read more at Nasdaq: Bumble Inc. (BMBL) Stock Falls Amid Market Uptick: What Investors Need to Know