Bumble Inc. (BMBL) came out with quarterly earnings of $0.22 per share, beating the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.05 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 46.67%. A quarter ago, it was expected that this company would post earnings of $0.07 per share when it actually produced earnings of $0.19, delivering a surprise of 171.43%. Over the last four quarters, the company h ...

Exhibit 99.1 Bumble Inc. Announces Second Quarter 2024 Results Total Revenue Increased 3% to $269 Million Bumble App Revenue Increased 5% to $218 Million Bumble App Paying Users Increased 15% to 2.8 Million; Grew 87,000 Quarter Over Quarter Net Earnings of $38 Million, Adjusted EBITDA of $75 Million AUSTIN, Texas, August 7, 2024 - Bumble Inc. (NASDAQ: BMBL) today reported financial results for the second quarter ended June 30, 2024. "Our first chapter of the Bumble App launch delivered better women's experi ...

The upcoming earnings release of Bumble Inc. will be of great interest to investors. The company's earnings report is expected on August 7, 2024. The company's upcoming EPS is projected at $0.15, signifying a 200% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $273.73 million, reflecting a 5.39% rise from the equivalent quarter last year. Empirical research indicates that these revisions in estimates have a direct c ...

Investing in stocks near 52-week lows could offer unique growth opportunities. Moreover, with the first interest rate cut coming up, it's now an opportune time to invest in these attractive stocks near 52-week lows. Identifying bargain stocks in the current climate could help secure investments poised for incredible long-term growth. Therefore, three attractive stocks near 52-week lows offer attractive upside potential. These stocks are lingering just 5% above their 52-week lows yet continue to showcase rem ...

Core Viewpoint - The article discusses undervalued stocks available for purchase under $20 per share, highlighting potential growth opportunities based on analyst price targets and company performance metrics. Group 1: Company Performance - Analysts expect revenue growth for the companies mentioned, with an average price target suggesting an upside of 58% from the current share price of $9.34 [2] - The firm has achieved a compound annual growth rate of 5.6% in revenues from 2019 to 2023, outperforming U.S. clothing stores overall [3] - Bumble has increased its number of paying users by 18% over the past year and its revenues by 10%, despite a general decline in dating app usage among young people [13] Group 2: Stock Valuation - Several stocks mentioned have implied upside potential between 50% and 100% based on their current prices compared to average analyst price targets [6] - Bumble's shares are down 33% year-to-date and 50% over the past 12 months, with an average price target of $21 implying a 65% upside from the current price of $12.75 [9] - Getty Images has seen a 36% decline in shares so far in 2024, making it one of the more undervalued stocks in the communication services sector [10] Group 3: Market Context - The overall market has risen substantially over the past several years, yet the stocks discussed have experienced significant declines, indicating potential buying opportunities [17] - Lowering inflation is expected to help drive down costs for companies, while potential interest rate cuts later in the year could boost demand [20] - The fallout from the WGA Writers Strike in 2023 has affected Getty Images, reducing revenue from selling pictures of Hollywood stars [21]

Of the 22 recommendations that derive the current ABR, 14 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 63.6% and 4.6% of all recommendations. Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations. In spite of the fact that Zacks Rank and ABR both appear on a ...

This article is an excerpt from the InvestorPlace Digest newsletter. To get news like this delivered straight to your inbox, click here. In February, AI superstar Nvidia (NASDAQ:NVDA) announced fourth-quarter earnings that blew expectations out of the water. Shares rose 16% in a single day, adding $34 billion to shareholder pockets. The fascinating thing, however, was what happened afterward. Because over the following month, shares of Nvidia rose another 20%. Even if investors completely missed out Nvidia' ...

Dating app maker Bumble has acquired Geneva, an online platform built around forming real-world groups and clubs. The company said that the deal is designed to help it expand its focus from "one-to-one connections to groups and communities" — friendships, in other words. "There's certainly a lot of interesting technology companies across the industry that we're constantly looking at, but we immediately look at if it actually aligns and accelerates with our long-term mission here," Jones said on the company' ...

The generative AI revolution is far from over, but that doesn't mean AI stocks, especially those that have enjoyed impressive gains in recent months, are immune to a substantial pullback. The bears and skeptics may have been calling for such a correction for quite some time. And though a growth-to-value rotation is always possible, I'm not so sure one will be on the table now that the Fed is done with the rate hikes. Though fewer rate cuts than expected could be in for the year (perhaps two or less), it see ...

Investors with an interest in Internet - Software stocks have likely encountered both Bumble Inc. (BMBL) and Smartsheet (SMAR) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look. The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highli ...