comScore Sets New 12-Month High After Earnings Beat (SCOR)
comScore (NASDAQ:SCOR)’s share price hit a new 52-week high on Tuesday following a better than expected earnings announcement, Stock Ratings Network.com reports. The stock traded as high as $31.25 and last traded at $30.57, with a volume of 1,512,929 shares changing hands. The stock had previously closed at $27.80.
The company reported $0.32 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.01 by $0.31. The company had revenue of $76.50 million for the quarter, compared to the consensus estimate of $75.63 million. During the same quarter in the prior year, the company posted ($0.05) earnings per share. The company’s quarterly revenue was up 11.8% on a year-over-year basis.
Separately, analysts at Oppenheimer downgraded shares of comScore from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $27.42.
The stock has a 50-day moving average of $27. and a 200-day moving average of $27.98. The company’s market cap is $1.056 billion.
comScore, Inc, is a provider of on-demand digital analytics solutions that help its customers to make informed, data-driven decisions and implement digital business strategies.
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