Opera (OPRA) to Release Quarterly 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 posted its quarterly earnings results on Thursday, February 29th. The company reported $1.38 earnings per share for the quarter, beating the consensus estimate 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 Down 3.4 %

Shares of NASDAQ:OPRA opened at $14.52 on Thursday. The business’s 50 day moving average is $13.98 and its 200 day moving average is $12.52. The stock has a market cap of $1.29 billion, a P/E ratio of 7.72 and a beta of 0.81. Opera has a 52-week low of $9.40 and a 52-week high of $28.58. The company has a quick ratio of 4.69, a current ratio of 2.56 and a debt-to-equity ratio of 0.01.

Institutional Investors Weigh In On Opera

A number of institutional investors have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership purchased a new position in Opera in the first quarter worth $2,725,000. Voloridge Investment Management LLC grew its stake in Opera by 73.7% during the 4th quarter. Voloridge Investment Management LLC now owns 510,286 shares of the company’s stock worth $6,751,000 after buying an additional 216,448 shares during the last quarter. Legal & General Group Plc acquired a new position in Opera during the 3rd quarter valued at about $1,690,000. Cubist Systematic Strategies LLC raised its stake in Opera by 466.0% in the fourth quarter. Cubist Systematic Strategies LLC now owns 167,293 shares of the company’s stock valued at $2,213,000 after buying an additional 137,734 shares during the last quarter. Finally, Captrust Financial Advisors acquired a new stake in Opera in the first quarter worth about $722,000. Institutional investors own 10.21% of the company’s stock.

Wall Street Analyst Weigh In

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

Opera Company Profile

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.