Bumble (BMBL) Q4 Earnings Preview: Revenue Decline Expected
Online dating platform Bumble (BMBL) is set to release its Q4 financial results tomorrow, after the market close. Here's a brief overview of what analysts predict:
Key Metrics:
* Revenue: $260.4 million (4.8% YoY decline)
* Adjusted EPS: $0.31
Analysts' Expectations:
Analysts have largely maintained their revenue and EPS estimates over the past month, indicating no major revisions in their outlook for Bumble.
Historical Performance:
Bumble has missed Wall Street's revenue expectations three times in the past two years.
Industry Context:
Peer companies in the consumer subscription sector have recently released their Q4 results, providing some insights into Bumble's potential performance. Udemy reported revenue growth, beating analysts' estimates, while Coursera also exceeded revenue expectations.
Investor Sentiment:
Recent sentiment in the consumer subscription segment has been positive, with share prices rising on average by 9.2% over the past month. Bumble's share price has gained 10.2% during the same period.
Analyst Price Target:
Analysts have an average price target of $7.96 for Bumble, below the current market price of $8.44.