Opera (OPRA) to Release Earnings on Tuesday

Opera (NASDAQ:OPRA) will announce its earnings results before the market opens on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.23 per share for the quarter. Opera has set its Q3 2024 guidance at EPS and its FY 2024 guidance at EPS.Investors interested in registering for the company’s conference call can do so using this link.

Opera (NASDAQ:OPRA) last posted its earnings results on Thursday, August 22nd. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.05. The business had revenue of $109.73 million for the quarter, compared to analysts’ expectations of $108.65 million. Opera had a net margin of 40.85% and a return on equity of 19.59%. During the same quarter in the prior year, the business earned $0.15 EPS. On average, analysts expect Opera to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Opera Price Performance

OPRA opened at $15.40 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.51 and a current ratio of 2.51. The stock has a market capitalization of $1.36 billion, a P/E ratio of 8.19 and a beta of 1.04. The company’s 50-day simple moving average is $14.56 and its two-hundred day simple moving average is $13.91. Opera has a 52-week low of $10.11 and a 52-week high of $17.31.

Analysts Set New Price Targets

Separately, B. Riley increased their price objective on shares of Opera from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd.

Opera Company Profile

Opera Limited, together with its subsidiaries, provides mobile and PC web browsers and related products and services in Norway and internationally. The company offers mobile browser products, such as Opera Mini, Opera browser for Android and iOS, and Opera GX for PCs and Mobile; 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.