Nexxen International (NEXN) Set to Announce Quarterly Earnings on Friday

Nexxen International (NASDAQ:NEXN) is scheduled to be issuing its quarterly earnings data before the market opens on Friday, November 15th. Analysts expect the company to announce earnings of $0.16 per share for the quarter. Nexxen International has set its FY 2024 guidance at EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Nexxen International (NASDAQ:NEXN) last issued its earnings results on Thursday, August 22nd. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.02). Nexxen International had a positive return on equity of 5.92% and a negative net margin of 0.57%. The company had revenue of $88.58 million for the quarter, compared to the consensus estimate of $85.75 million. During the same period in the prior year, the company earned $0.03 earnings per share. On average, analysts expect Nexxen International to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Nexxen International Trading Down 4.0 %

NEXN opened at $7.91 on Friday. The company has a market cap of $530.21 million, a P/E ratio of -112.98 and a beta of 1.86. The company has a fifty day moving average price of $7.86 and a two-hundred day moving average price of $6.85. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.04. Nexxen International has a 1-year low of $3.37 and a 1-year high of $8.69.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NEXN. Lake Street Capital raised their price objective on shares of Nexxen International from $7.00 to $9.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Royal Bank of Canada lifted their target price on Nexxen International from $9.00 to $11.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. Finally, Needham & Company LLC lifted their price objective on shares of Nexxen International from $6.50 to $8.50 and gave the stock a “buy” rating in a report on Friday, August 23rd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Nexxen International presently has a consensus rating of “Moderate Buy” and an average price target of $9.10.

About Nexxen International

Nexxen International Ltd. provides end-to-end software platform that enables advertisers to reach publishers Israel. The company’s demand side platform (DSP) offers full-service and self-managed marketplace access to advertisers and agencies to execute their digital marketing campaigns in real time across various ad formats.