Opera (OPRA) Set to Announce Earnings on Thursday

Opera (NASDAQ:OPRA) is set to post its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect Opera to post earnings of $0.14 per share for the quarter. Opera has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

Opera (NASDAQ:OPRA) last issued its quarterly earnings data on Thursday, February 29th. The company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $1.20. Opera had a net margin of 42.69% and a return on equity of 19.90%. The business had revenue of $113.00 million during the quarter, compared to analysts’ expectations of $112.20 million. On average, analysts expect Opera to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Opera Trading Up 3.9 %

Shares of OPRA stock opened at $14.49 on Tuesday. Opera has a 1 year low of $9.40 and a 1 year high of $28.58. The firm’s fifty day simple moving average is $14.18 and its 200 day simple moving average is $12.61. The firm has a market capitalization of $1.29 billion, a P/E ratio of 7.71 and a beta of 0.81. The company has a current ratio of 2.56, a quick ratio of 4.69 and a debt-to-equity ratio of 0.01.

Analyst Upgrades and Downgrades

OPRA has been the topic of a number of research reports. TD Cowen boosted their target price on shares of Opera from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. TheStreet upgraded shares of Opera from a “c+” rating to a “b-” rating in a research note on Monday, March 4th.

About Opera

Opera Limited, together with its subsidiaries, provides mobile and PC web browsers. It operates in two segments, Browser and News, and Other. The company offers mobile browser products, such as Opera Mini, Opera for Android and iOS, Opera GX Mobile, and 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.