WEBTOON Entertainment (WBTN) Projected to Post Earnings on Thursday

WEBTOON Entertainment (NASDAQ:WBTN) will likely be posting its quarterly earnings results after the market closes on Thursday, February 6th. Analysts expect WEBTOON Entertainment to post earnings of ($0.18) per share for the quarter. WEBTOON Entertainment has set its Q4 2024 guidance at EPS.

WEBTOON Entertainment (NASDAQ:WBTN) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.48) by $0.70. The business had revenue of $347.92 million during the quarter, compared to analysts’ expectations of $336.43 million. On average, analysts expect WEBTOON Entertainment to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

WEBTOON Entertainment Price Performance

NASDAQ WBTN opened at $12.92 on Tuesday. WEBTOON Entertainment has a one year low of $10.05 and a one year high of $25.66. The company’s 50-day simple moving average is $13.01 and its two-hundred day simple moving average is $13.16.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on WBTN shares. The Goldman Sachs Group cut their price objective on shares of WEBTOON Entertainment from $48.00 to $25.00 and set a “buy” rating on the stock in a report on Monday, January 27th. Morgan Stanley reduced their price target on WEBTOON Entertainment from $17.50 to $16.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on WEBTOON Entertainment from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.67.

WEBTOON Entertainment Company Profile

WEBTOON Entertainment Inc operates a storytelling platform worldwide. The company’s platform allows a community of creators and users to discover, create, and share new content. Its platform offers stories primarily in two ways, including web-comics, a graphical comic-like medium; and web-novels, which are text-based stories.