Trulia (TRLA) Announces Quarterly Earnings, Beats Estimates By $0.11 EPS
Trulia (NASDAQ:TRLA) posted its quarterly earnings results on Tuesday. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.11, American Banking and Market News reports. The company had revenue of $40.30 million for the quarter, compared to the consensus estimate of $35.87 million. During the same quarter in the previous year, the company posted ($0.10) earnings per share. The company’s revenue for the quarter was up 117.8% on a year-over-year basis.
Shares of Trulia (NASDAQ:TRLA) traded down 0.30% on Tuesday, hitting $42.50. 1,436,460 shares of the company’s stock traded hands. Trulia has a 52-week low of $14.69 and a 52-week high of $50.14. The stock has a 50-day moving average of $43.30 and a 200-day moving average of $34.35. The company’s market cap is $1.383 billion.
A number of analysts have recently weighed in on TRLA shares. Analysts at Zacks downgraded shares of Trulia from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, October 22nd. They now have a $43.00 price target on the stock. On a related note, analysts at Deutsche Bank reiterated a “buy” rating on shares of Trulia in a research note to investors on Tuesday, October 15th. They now have a $50.00 price target on the stock, down previously from $51.00. Finally, analysts at Deutsche Bank raised their price target on shares of Trulia from $47.00 to $50.00 in a research note to investors on Friday, September 6th. They now have a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. Trulia currently has an average rating of “Hold” and a consensus target price of $48.57.
In other Trulia news, Director Sami Inkinen sold 8,300 shares of Trulia stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $44.79, for a total transaction of $371,757.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Trulia, Inc is a real estate search engine company. The Company offers free and subscription products that provide real estate professionals with access to transaction-ready consumers and help them enhance their online presence.
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