$0.47 EPS Expected for Criteo SA (CRTO) This Quarter

Wall Street analysts predict that Criteo SA (NASDAQ:CRTO) will announce earnings of $0.47 per share for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Criteo’s earnings. The lowest EPS estimate is $0.42 and the highest is $0.51. Criteo posted earnings of $0.65 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 27.7%. The firm is expected to announce its next earnings results on Wednesday, November 7th.

According to Zacks, analysts expect that Criteo will report full-year earnings of $2.36 per share for the current year, with EPS estimates ranging from $2.24 to $2.65. For the next fiscal year, analysts anticipate that the business will post earnings of $2.44 per share, with EPS estimates ranging from $1.70 to $2.99. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Criteo.

Criteo (NASDAQ:CRTO) last announced its earnings results on Wednesday, August 1st. The information services provider reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.14. Criteo had a return on equity of 14.05% and a net margin of 4.55%. The firm had revenue of $230.00 million for the quarter, compared to analyst estimates of $229.33 million. During the same quarter last year, the firm posted $0.39 EPS. The business’s revenue was up 4.5% on a year-over-year basis.

CRTO has been the topic of a number of recent analyst reports. BidaskClub lowered Criteo from a “hold” rating to a “sell” rating in a research report on Wednesday, September 12th. Raymond James upgraded Criteo from a “market perform” rating to an “outperform” rating in a report on Monday, June 25th. They noted that the move was a valuation call. ValuEngine lowered Criteo from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 31st. Jefferies Financial Group restated a “hold” rating and issued a $29.00 price objective on shares of Criteo in a report on Thursday, August 2nd. Finally, JPMorgan Chase & Co. lowered Criteo from an “overweight” rating to a “neutral” rating and set a $38.00 price objective on the stock. in a report on Wednesday, August 1st. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the company. Criteo has an average rating of “Hold” and a consensus price target of $39.89.

In other news, COO Mary Spilman sold 7,165 shares of Criteo stock in a transaction on Friday, August 3rd. The stock was sold at an average price of $26.71, for a total transaction of $191,377.15. The transaction was disclosed in a document filed with the SEC, which is available at this link. 3.32% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp raised its holdings in shares of Criteo by 1,231.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,907,183 shares of the information services provider’s stock worth $62,652,000 after acquiring an additional 1,763,968 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Criteo by 19.7% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 395,000 shares of the information services provider’s stock worth $12,976,000 after acquiring an additional 65,000 shares during the period. KBC Group NV raised its holdings in shares of Criteo by 1.2% during the 1st quarter. KBC Group NV now owns 164,190 shares of the information services provider’s stock worth $4,243,000 after acquiring an additional 2,012 shares during the period. Sei Investments Co. purchased a new position in shares of Criteo during the 2nd quarter worth $366,000. Finally, Price Capital Management Inc. purchased a new position in shares of Criteo during the 2nd quarter worth $745,000. Institutional investors and hedge funds own 86.38% of the company’s stock.

Shares of NASDAQ:CRTO traded up $0.33 during midday trading on Tuesday, reaching $23.92. 447,100 shares of the company’s stock traded hands, compared to its average volume of 942,559. Criteo has a 1 year low of $21.00 and a 1 year high of $47.57. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 14.61 and a beta of 1.65.

Criteo Company Profile

Criteo SA, a technology company, engages in digital performance marketing in France and internationally. The company's Criteo Shopper Graph, which collects clients' proprietary commerce data, such as transaction activity on their digital properties. Its Criteo Engine solutions include recommendation algorithms that create tailored advertisements to specific customer interest by determining the specific products and services to include in the advertisement; predictive bidding algorithms that predict the probability and nature of a user's engagement with a given advertisement; and bidding engine for executing campaigns based on objectives set by the clients.

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