Bumble (NASDAQ:BMBL – Get Free Report) will be announcing its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.07 per share for the quarter. Bumble has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Investors interested in listening to the company’s conference call can do so using this link.
Bumble (NASDAQ:BMBL – Get Free Report) last released its earnings results on Tuesday, February 27th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.31). The company had revenue of $273.64 million during the quarter, compared to analysts’ expectations of $275.38 million. Bumble had a negative net margin of 0.40% and a negative return on equity of 0.17%. On average, analysts expect Bumble to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Bumble Trading Down 2.5 %
NASDAQ:BMBL opened at $10.10 on Wednesday. The firm has a market cap of $1.31 billion, a PE ratio of -336.67, a price-to-earnings-growth ratio of 0.29 and a beta of 1.68. The stock has a fifty day moving average price of $11.01 and a 200 day moving average price of $12.99. Bumble has a 12-month low of $9.93 and a 12-month high of $21.06. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.44.
Analyst Upgrades and Downgrades
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Insiders Place Their Bets
In other news, major shareholder Bx Buzz Ml-1 Gp Llc sold 2,509,316 shares of the business’s stock in a transaction that occurred on Sunday, March 3rd. The stock was sold at an average price of $11.10, for a total transaction of $27,853,407.60. Following the sale, the insider now owns 12,802 shares of the company’s stock, valued at approximately $142,102.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.84% of the stock is currently owned by insiders.
About Bumble
Bumble Inc provides online dating and social networking platforms in North America, Europe, internationally. It owns and operates websites and applications that offers subscription and in-app purchases dating products. The company operates apps, including Bumble, a dating app built with women at the center, where women make the first move; Badoo, the web and mobile free-to-use dating app; Official app where users connect their profile with that of their partner enabling a shared, linked product experience; Bumble BFF and Bumble Bizz Modes that have a format similar to the date mode requiring users to set up profiles and matching users through yes and no votes, similar to the dating platform; and Bumble for Friends, a friendship app where people in all stages of life can meet people nearby and create meaningful platonic connections, as well as Fruitz app is centered around encouraging honesty and transparency by sharing dating intentions from the first touch point.
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