WEBTOON Entertainment (WBTN) to Release Earnings on Thursday

WEBTOON Entertainment (NASDAQ:WBTN - Get Free Report) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect WEBTOON Entertainment to post earnings of ($0.48) per share for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.

WEBTOON Entertainment (NASDAQ:WBTN - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of ($0.72) by $0.92. The firm had revenue of $320.97 million for the quarter, compared to the consensus estimate of $340.72 million. During the same period in the previous year, the business earned ($0.01) EPS. The firm's revenue was up .1% compared to the same quarter last year. On average, analysts expect WEBTOON Entertainment to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

WEBTOON Entertainment Price Performance

WEBTOON Entertainment stock traded down $0.41 during midday trading on Thursday, hitting $10.40. 307,985 shares of the stock were exchanged, compared to its average volume of 484,390. The firm has a fifty day moving average price of $11.51. WEBTOON Entertainment has a 52 week low of $10.22 and a 52 week high of $25.66.

Insider Activity

In other WEBTOON Entertainment news, insider Junkoo Kim acquired 22,596 shares of the stock in a transaction dated Friday, August 16th. The shares were bought at an average cost of $11.88 per share, for a total transaction of $268,440.48. Following the completion of the acquisition, the insider now directly owns 905,070 shares of the company's stock, valued at approximately $10,752,231.60. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other WEBTOON Entertainment news, insider Junkoo Kim acquired 22,596 shares of the stock in a transaction dated Friday, August 16th. The shares were bought at an average cost of $11.88 per share, for a total transaction of $268,440.48. Following the completion of the acquisition, the insider now directly owns 905,070 shares of the company's stock, valued at approximately $10,752,231.60. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Yongsoo Kim acquired 7,800 shares of the stock in a transaction dated Wednesday, August 14th. The stock was acquired at an average price of $12.92 per share, for a total transaction of $100,776.00. Following the completion of the acquisition, the insider now directly owns 110,910 shares of the company's stock, valued at $1,432,957.20. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 56,526 shares of company stock worth $710,459 over the last ninety days.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of WEBTOON Entertainment in a research note on Monday, July 22nd. They set a "neutral" rating and a $23.00 price objective on the stock. Morgan Stanley dropped their target price on shares of WEBTOON Entertainment from $23.00 to $17.00 and set an "equal weight" rating on the stock in a report on Friday, August 16th. The Goldman Sachs Group dropped their target price on shares of WEBTOON Entertainment from $62.00 to $55.00 and set a "buy" rating on the stock in a report on Monday, August 12th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of WEBTOON Entertainment from $25.00 to $18.00 and set a "buy" rating on the stock in a report on Monday, August 12th. Finally, HSBC began coverage on shares of WEBTOON Entertainment in a report on Wednesday, September 4th. They set a "buy" rating and a $23.00 target price on the stock. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $27.17.

About WEBTOON Entertainment

WEBTOON Entertainment Inc operates a storytelling platform worldwide. The company's platform allows a community of creators and users to discover, create, and share new content. Its platform offers stories primarily in two ways, including web-comics, a graphical comic-like medium; and web-novels, which are text-based stories.