Allegro.eu (ALEGF) Expected to Post Earnings on Thursday

Allegro.eu (OTCMKTS:ALEGF) is expected to be posting its resultson Thursday, November 12th. Analysts expect Allegro.eu to announce earnings of $0.2442 per share and revenue of $865.32 million for the quarter.

Allegro.eu Stock Performance

OTCMKTS ALEGF opened at $14.97 on Tuesday. The company’s 50 day simple moving average is $11.60 and its 200 day simple moving average is $9.13. Allegro.eu has a 12 month low of $9.55 and a 12 month high of $14.97.

Analysts Set New Price Targets

ALEGF has been the subject of a number of research reports. Barclays upgraded shares of Allegro.eu to an “overweight” rating in a report on Friday, September 18th. Citigroup cut Allegro.eu to a “neutral” rating in a report on Thursday, October 1st. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Allegro.eu has an average rating of “Moderate Buy”.

Allegro.eu Company Profile

Allegro.eu operates an online marketplace that connects consumers with businesses and other sellers. Its platform offers products across categories such as electronics, home and garden, fashion, and everyday essentials, alongside services including delivery options and Allegro Pay, its payment and financing service.

Founded in Poland in 1999, Allegro grew into one of the country’s best-known e-commerce platforms. The company has expanded beyond Poland, including through its 2022 acquisition of the Mall Group, and serves customers in several Central and Eastern European markets.

Allegro’s operations include its Polish marketplace and regional e-commerce brands and platforms.