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Market Overview

Earnings Preview for Eventbrite

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On Thursday, February 25, Eventbrite (NYSE:EB) will report its last quarter's earnings. Here is Benzinga's preview of the company's release.

Net Income, Earnings, And Earnings Per Share

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Based on Eventbrite management projections, analysts predict EPS of $0.37 on revenue of $28.21 million. In the same quarter last year, Eventbrite reported a loss per share of $0.16 on sales of $82.67 million.

Why Analyst Estimates And Earnings Surprises Are Important

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

If the company were to report earnings in line when it publishes results Thursday, earnings would be down 131.25%. Revenue would be down 65.87% from the same quarter last year. Here is how the Eventbrite's reported EPS has stacked up against analyst estimates in the past:

Quarter Q3 2020 Q2 2020 Q1 2020 Q4 2020
EPS Estimate -0.41 -0.50 -0.24 -0.21
EPS Actual -0.21 -0.44 -0.39 -0.16
Revenue Estimate 26.09 M 13.46 M 71.90 M 78.72 M
Revenue Actual 21.87 M 8.39 M 49.09 M 82.67 M

Stock Performance

Shares of Eventbrite were trading at $20.4 as of February 23. Over the last 52-week period, shares are up 19.74%. Given that these returns are generally positive, long-term shareholders are probably content going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Eventbrite is scheduled to hold the call at 17:00:00 ET and can be accessed here.

 

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Posted-In: BZI-EPEarnings