$261.41 Million in Sales Expected for Criteo SA (CRTO) This Quarter
Equities research analysts expect Criteo SA (NASDAQ:CRTO) to post sales of $261.41 million for the current quarter, Zacks reports. Eight analysts have made estimates for Criteo’s earnings, with the highest sales estimate coming in at $263.10 million and the lowest estimate coming in at $258.36 million. Criteo posted sales of $224.95 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 16.2%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, February 28th.
According to Zacks, analysts expect that Criteo will report full-year sales of $261.41 million for the current financial year, with estimates ranging from $922.55 million to $927.30 million. For the next fiscal year, analysts forecast that the company will report sales of $912.63 million per share, with estimates ranging from $875.43 million to $958.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Criteo.
Several brokerages have recently issued reports on CRTO. Macquarie raised shares of Criteo from a “neutral” rating to an “outperform” rating in a report on Tuesday. BidaskClub raised shares of Criteo from a “strong sell” rating to a “sell” rating in a report on Friday, December 22nd. Cowen reiterated a “market perform” rating and issued a $25.00 price target (down from $40.00) on shares of Criteo in a research report on Tuesday, December 19th. BMO Capital Markets reiterated a “buy” rating and issued a $30.00 price target on shares of Criteo in a research report on Monday, December 18th. Finally, Jefferies Group reiterated a “hold” rating and issued a $28.00 price target on shares of Criteo in a research report on Friday, December 15th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $43.44.
A number of large investors have recently added to or reduced their stakes in the business. Aurora Investment Counsel purchased a new position in Criteo during the 4th quarter valued at about $1,881,000. California Public Employees Retirement System grew its stake in Criteo by 13.1% during the 3rd quarter. California Public Employees Retirement System now owns 71,725 shares of the information services provider’s stock valued at $2,977,000 after acquiring an additional 8,325 shares in the last quarter. Janney Capital Management LLC grew its stake in Criteo by 46.2% during the 3rd quarter. Janney Capital Management LLC now owns 8,840 shares of the information services provider’s stock valued at $366,000 after acquiring an additional 2,794 shares in the last quarter. Sylebra HK Co Ltd grew its stake in Criteo by 9.8% during the 3rd quarter. Sylebra HK Co Ltd now owns 1,130,369 shares of the information services provider’s stock valued at $46,910,000 after acquiring an additional 101,199 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in Criteo during the 3rd quarter valued at about $1,133,000. 87.66% of the stock is currently owned by institutional investors.
Criteo (CRTO) opened at $26.32 on Friday. The company has a market cap of $1,770.00, a price-to-earnings ratio of 22.69, a price-to-earnings-growth ratio of 1.26 and a beta of 2.49. Criteo has a 1-year low of $22.00 and a 1-year high of $56.00.
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Criteo Company Profile
Criteo SA is a France-based company specializing in digital performance marketing. Its solution consists of the Criteo Engine, the Company’s data assets, access to inventory, and its advertiser and publisher platforms. The Criteo Engine consists of various machine learning algorithms, such as prediction, recommendation, bidding and creative algorithms and the global hardware and software infrastructure.
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