Vivid Seats (NASDAQ:SEAT - Get Free Report) will be issuing its quarterly earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.04 per share for the quarter. Vivid Seats has set its FY 2024 guidance at EPS.Investors that are interested in participating in the company's conference call can do so using this link.
Vivid Seats (NASDAQ:SEAT - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.08). Vivid Seats had a net margin of 4.73% and a return on equity of 57.44%. The business had revenue of $198.32 million for the quarter, compared to the consensus estimate of $194.68 million. During the same quarter in the previous year, the business earned $0.20 earnings per share. On average, analysts expect Vivid Seats to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Vivid Seats Trading Down 1.2 %
Shares of Vivid Seats stock traded down $0.05 during trading on Thursday, reaching $4.07. The company's stock had a trading volume of 879,377 shares, compared to its average volume of 1,395,470. The company has a market cap of $846.90 million, a price-to-earnings ratio of 7.18, a PEG ratio of 16.06 and a beta of 1.21. The firm's 50-day moving average is $4.06 and its two-hundred day moving average is $4.77. Vivid Seats has a 52-week low of $3.36 and a 52-week high of $8.80. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 2.48.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on SEAT. Citigroup lowered their target price on Vivid Seats from $10.00 to $9.00 and set a "buy" rating for the company in a research note on Friday, September 20th. DA Davidson dropped their price objective on Vivid Seats from $6.50 to $6.00 and set a "buy" rating for the company in a research note on Thursday, September 12th. Royal Bank of Canada decreased their target price on shares of Vivid Seats from $8.00 to $7.00 and set a "sector perform" rating on the stock in a research note on Wednesday, August 7th. Benchmark decreased their price objective on shares of Vivid Seats from $15.00 to $10.00 and set a "buy" rating on the stock in a research report on Tuesday, September 10th. Finally, Piper Sandler cut their target price on Vivid Seats from $7.00 to $5.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 7th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $7.28.
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Vivid Seats Company Profile
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Vivid Seats Inc operates an online ticket marketplace in the United States, Canada, and Japan. The company operates in two segments, Marketplace and Resale. The Marketplace segment acts as an intermediary between event ticket buyers and sellers; processes ticket sales on its website and mobile applications through its distribution partners; and sells tickets for sports, concerts, theater events, and other live events.
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