Marin Software Inc (MRIN) Issues FY14 Earnings Guidance
Marin Software Inc (NASDAQ:MRIN) updated its FY14 earnings guidance on Wednesday. The company provided EPS guidance of ($0.87)-(0.85) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.88), Analyst Ratings.Net reports. The company issued revenue guidance of $98.2-99.0 million, compared to the consensus revenue estimate of $97.41 million.Marin Software also updated its Q3 guidance to ($0.25)-(0.23) EPS.
A number of research firms have recently commented on MRIN. Analysts at TheStreet upgraded shares of Marin Software from a sell rating to a hold rating in a research note on Thursday, June 19th. On a related note, analysts at Deutsche Bank reiterated a buy rating on shares of Marin Software in a research note on Tuesday, June 3rd. They now have a $20.00 price target on the stock. Finally, analysts at Goldman Sachs cut their price target on shares of Marin Software from $16.00 to $13.00 in a research note on Thursday, May 22nd.
Marin Software Inc (NASDAQ:MRIN) traded up 0.11% during mid-day trading on Wednesday, hitting $8.89. The stock had a trading volume of 376,153 shares. Marin Software Inc has a 52 week low of $8.41 and a 52 week high of $14.37. The stock has a 50-day moving average of $10.5 and a 200-day moving average of $10.29. The company’s market cap is $296.2 million.
Marin Software (NASDAQ:MRIN) last posted its quarterly earnings results on Wednesday, August 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.05. The company had revenue of $23.90 million for the quarter, compared to the consensus estimate of $23.17 million. During the same quarter in the previous year, the company posted ($0.26) earnings per share. The company’s revenue for the quarter was up 31.3% on a year-over-year basis. Analysts expect that Marin Software Inc will post $-0.88 EPS for the current fiscal year.
Marin Software Incorporated provides cloud-based digital advertising management platform to advertisers and agencies.
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