Opera (OPRA) Set to Announce Earnings on Thursday

Opera (NASDAQ:OPRA) will be issuing its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce 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 registering for the company’s earnings conference call can do so using this link.

Opera (NASDAQ:OPRA) last released its earnings results on Thursday, February 29th. The company reported $1.38 earnings per share for the quarter, beating 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 firm had revenue of $113.00 million during the quarter, compared to the consensus estimate 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 Stock Up 3.9 %

Opera stock opened at $14.49 on Tuesday. Opera has a twelve month low of $9.40 and a twelve month high of $28.58. The firm has a 50 day moving average price of $14.18 and a 200-day moving average price of $12.61. The company 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 quick ratio of 4.69, a current ratio of 2.56 and a debt-to-equity ratio of 0.01.

Analysts Set New Price Targets

A number of brokerages recently commented on OPRA. TheStreet upgraded shares of Opera from a “c+” rating to a “b-” rating in a research note on Monday, March 4th. TD Cowen upped their price target on shares of Opera from $23.00 to $25.00 and gave the company an “outperform” rating in a research note on Friday, March 1st.

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.