Bumble (NASDAQ:BMBL – Get Free Report) is scheduled to post its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect Bumble to post earnings of $0.07 per share for the quarter. Bumble has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Parties that wish to listen to the company’s conference call can do so using this link.
Bumble (NASDAQ:BMBL – Get Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.31). Bumble had a negative return on equity of 0.17% and a negative net margin of 0.40%. The firm had revenue of $273.64 million during the quarter, compared to the consensus estimate of $275.38 million. On average, analysts expect Bumble to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Bumble Stock Down 0.2 %
Shares of NASDAQ:BMBL opened at $10.14 on Monday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.01 and a quick ratio of 2.01. The business has a 50 day simple moving average of $10.83 and a two-hundred day simple moving average of $12.91. Bumble has a 1 year low of $9.93 and a 1 year high of $21.06. The firm has a market capitalization of $1.31 billion, a PE ratio of -338.00, a price-to-earnings-growth ratio of 0.28 and a beta of 1.67.
Analyst Ratings Changes
View Our Latest Report on BMBL
Insider Buying and Selling
In related news, major shareholder Bx Buzz Ml-1 Gp Llc sold 2,509,316 shares of the stock in a transaction that occurred on Sunday, March 3rd. The shares were sold at an average price of $11.10, for a total value of $27,853,407.60. Following the transaction, the insider now owns 12,802 shares in the company, valued at approximately $142,102.20. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 7.84% of the company’s stock.
About Bumble
Bumble Inc provides online dating and social networking platforms in North America, Europe, internationally. It owns and operates websites and applications that offers subscription and in-app purchases dating products. The company operates apps, including Bumble, a dating app built with women at the center, where women make the first move; Badoo, the web and mobile free-to-use dating app; Official app where users connect their profile with that of their partner enabling a shared, linked product experience; Bumble BFF and Bumble Bizz Modes that have a format similar to the date mode requiring users to set up profiles and matching users through yes and no votes, similar to the dating platform; and Bumble for Friends, a friendship app where people in all stages of life can meet people nearby and create meaningful platonic connections, as well as Fruitz app is centered around encouraging honesty and transparency by sharing dating intentions from the first touch point.
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