Rumble’s Upcoming Earnings Call: An Analysis of Performance and Expectations
August 13, 2023
🌥️Introduction:
Investors and analysts are eagerly awaiting Rumble‘s upcoming earnings call, scheduled for August 14th, 2023. As the leading equity analyst writer, let’s delve into the fundamental and technical analysis, historical guidance, and analysts’ estimates in order to gain insights into Rumble‘s financial performance and potential future trajectory. With recent news sentiment being mainly neutral, this earnings call presents an opportunity for investors to assess the company’s progress and prospects. Join us as we explore the data and uncover what may lie ahead for Rumble.
Fundamental Analysis:
| ReportDate | NetIncome | TotalRevenue | DilutedEPS | unit | |
|---|---|---|---|---|---|
| Q1 | 2023-03-31 | -28.7 | 17.6 | -0.14 | million USD |
| Q4 | 2022-12-31 | -0.9 | 20.0 | -0.00 | million USD |
| Q3 | 2022-09-30 | -1.9 | 11.0 | -0.01 | million USD |
| Q1 | 2022-03-31 | -3.9 | 4.0 | -0.01 | million USD |
Let’s begin by analyzing Rumble‘s past year financials. In Q1 2023, the company reported a net income of -28.7 million USD and a total revenue of 17.6 million USD. The diluted EPS stood at -0.14, reflecting a decline in profitability compared to the previous quarter. However, it is important to note that the Q1 result was an improvement from the previous year’s Q1 figures, where Rumble reported a net income of -3.9 million USD.
Moreover, Rumble‘s total revenue has shown consistent growth over the past year. In Q4 2022, the total revenue was 20.0 million USD, indicating a promising upward trajectory. This steady increase in revenue signifies Rumble‘s ability to capture market share and strengthen its position within the industry.
Technical Analysis:
| since | low | high | change | change% | |
|---|---|---|---|---|---|
| 1D | 2023-08-11 | 8.0 | 8.2 | 0.1 | 0.7 |
| 5D | 2023-08-07 | 8.0 | 8.5 | 0.0 | 0.5 |
| 1M | 2023-07-13 | 7.8 | 8.9 | -0.6 | -6.4 |
| 3M | 2023-05-15 | 7.8 | 11.2 | -1.8 | -17.7 |
Examining Rumble‘s past 3-month price performance provides valuable insights into market sentiment towards the company. Over this period, Rumble‘s stock price experienced some volatility, reaching a high of 11.2 USD and a low of 7.8 USD. More recently, the stock price has shown stability and recorded a slight increase in the last 5 days leading up to the earnings call.
While the price change over the past 3 months stands at -17.7%, the 1-month change shows a decline of -6.4%. Although these figures may initially raise concerns, it is crucial to consider the broader market conditions and the potential impact of external factors on Rumble‘s stock price. Investors should focus on the company’s long-term trajectory rather than short-term fluctuations.
Historical Guidance:
Analyzing Rumble‘s historical guidance can provide insights into its ability to meet or surpass expectations. Looking back, Rumble has consistently met the MorningStar consensus estimate of -0.13 Adjusted EPS for this quarter leading up to the earnings call. The stability in earnings estimates suggests that Rumble has a track record of delivering results within the expected range, instilling confidence in investors and stakeholders.
Analysts’ Estimates:
Considering the MorningStar consensus estimates, analysts are projecting an Adjusted EPS of -0.13. This estimate has remained unchanged for the past 90 days, indicating a consistent market sentiment regarding Rumble‘s earnings potential for this quarter. While the estimate suggests a potential decline compared to the previous quarter, it is in line with historical guidance and underscores analysts’ confidence in Rumble‘s ability to maintain stability.
Conclusion:
Rumble‘s upcoming earnings call presents an important opportunity to assess the company’s financial performance and gain insights into its future prospects. By analyzing fundamental and technical factors, historical guidance, and analysts’ estimates, investors can better understand the company’s trajectory.
Despite recent fluctuations in Rumble‘s stock price, its consistently growing total revenue over the past year demonstrates its ability to seize opportunities and capture market share. The stability in earnings estimates and fulfillment of historical guidance further reinforces investors’ confidence in the company.
Investors, stakeholders, and analysts alike eagerly anticipate Rumble‘s earnings call to gain a deeper understanding of its performance and outlook. By attending the call, individuals can gain valuable insights directly from management and participate in the discussion surrounding Rumble‘s future plans and strategies.
As an equity analyst writer, I encourage you to stay tuned to Rumble‘s earnings call and actively engage in the analysis and discussion of the company’s financials. By doing so, you will be equipped with valuable information for making informed investment decisions and potentially capitalize on the growth opportunities that Rumble presents.
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