The Rubicon Project Inc (RUBI) Updates Q2 Earnings Guidance
The Rubicon Project Inc (NASDAQ:RUBI) issued an update on its second quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of ($0.24)-($0.21) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.26), Analyst Ratings News reports. The company issued revenue guidance of $24.5-$25.5 million, compared to the consensus revenue estimate of $24.13 million.The Rubicon Project also updated its FY14 guidance to ($0.60)-($0.50) EPS.
Shares of The Rubicon Project Inc (NASDAQ:RUBI) remained flat at $11.37 during during mid-day trading trading on Tuesday. The stock had a trading volume of 380,634 shares. The Rubicon Project Inc has a 1-year low of $11.15 and a 1-year high of $23.20. The stock’s 50-day moving average is $17.74 and its 200-day moving average is $17.74. The company’s market cap is $394.7 million.
The Rubicon Project (NASDAQ:RUBI) last released its earnings data on Tuesday, May 13th. The company reported ($0.15) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.42) by $0.27. The company had revenue of $23.00 million for the quarter, compared to the consensus estimate of $20.28 million. The Rubicon Project’s revenue was up 38.6% compared to the same quarter last year. Analysts expect that The Rubicon Project Inc will post $-0.51 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks initiated coverage on shares of The Rubicon Project in a research note on Wednesday, May 7th. They set a hold rating on the stock. On a related note, analysts at Oppenheimer initiated coverage on shares of The Rubicon Project in a research note on Tuesday, May 6th. They set a sector perform rating and a $19.00 price target on the stock. Finally, analysts at Needham & Company LLC initiated coverage on shares of The Rubicon Project in a research note on Monday, April 28th. They set a buy rating and a $23.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $22.40.
The Rubicon Project, Inc is a global technology company that focuses to automate the buying and selling of advertising.
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