Opera (OPRA) to Release Quarterly Earnings on Tuesday

Opera (NASDAQ:OPRA) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, October 29th. Analysts expect Opera to post 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.Persons interested in registering for the company’s earnings conference call can do so using this link.

Opera (NASDAQ:OPRA) last announced its quarterly earnings results on Thursday, August 22nd. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.05. Opera had a net margin of 40.85% and a return on equity of 19.59%. The business had revenue of $109.73 million for the quarter, compared to analyst estimates of $108.65 million. During the same quarter last year, the firm 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

Shares of NASDAQ OPRA opened at $16.48 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.51 and a quick ratio of 2.51. Opera has a 1 year low of $10.11 and a 1 year high of $17.31. The company’s 50-day moving average is $14.84 and its 200 day moving average is $13.93. The stock has a market capitalization of $1.46 billion, a P/E ratio of 8.77 and a beta of 1.04.

Wall Street Analyst Weigh In

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

About Opera

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.