Content discovery platform Taboola (NASDAQ: TBLA) will be reporting earnings this Wednesday before market hours. Here’s what you need to know.
Taboola missed analysts’ revenue expectations last quarter, reporting revenues of $476.8 million, up 2.4% year on year. It was a disappointing quarter for the company, with revenue guidance for next quarter missing analysts’ expectations significantly.
Is Taboola a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Taboola’s revenue to decline 6% year on year, a reversal from the 14.7% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Taboola has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Taboola’s peers in the advertising & marketing services segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Ibotta delivered year-on-year revenue growth of 17.5%, beating analysts’ expectations by 10.3%, and MediaAlpha reported revenues up 22.7%, topping estimates by 7.2%. MediaAlpha traded up 20.6% following the results.
Read our full analysis of Ibotta’s results here and MediaAlpha’s results here.
Investors in the advertising & marketing services segment have had steady hands going into earnings, with share prices up 1.7% on average over the last month. Taboola is up 4.7% during the same time and is heading into earnings with an average analyst price target of $5.88 (compared to the current share price of $3.43).
ALSO WORTH WATCHING: Nvidia’s Quiet Partner. Nvidia’s chips cost a hundred grand. The connectors that make them work cost even more. One company makes them all.
Every AI server needs specialized infrastructure the chip companies don’t make. High-speed cables. Power connectors. Thermal sensors. This 90-year-old company built a monopoly on it. The AI boom just started. This stock is still flying under the radar. Claim The Stock Ticker Here for FREE.
