$258.12 Million in Sales Expected for Criteo SA (NASDAQ:CRTO) This Quarter

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Equities research analysts expect that Criteo SA (NASDAQ:CRTO) will announce $258.12 million in sales for the current fiscal quarter, Zacks reports. Seven analysts have made estimates for Criteo’s earnings, with the lowest sales estimate coming in at $256.00 million and the highest estimate coming in at $260.20 million. Criteo reported sales of $271.86 million in the same quarter last year, which indicates a negative year-over-year growth rate of 5.1%. The company is expected to issue its next earnings results on Wednesday, February 12th.

On average, analysts expect that Criteo will report full year sales of $939.27 million for the current fiscal year, with estimates ranging from $936.32 million to $945.00 million. For the next year, analysts forecast that the company will report sales of $947.26 million, with estimates ranging from $899.50 million to $979.57 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Criteo.

Criteo (NASDAQ:CRTO) last posted its quarterly earnings results on Wednesday, October 30th. The information services provider reported $0.54 EPS for the quarter, beating the consensus estimate of $0.28 by $0.26. The business had revenue of $221.00 million during the quarter, compared to analysts’ expectations of $221.76 million. Criteo had a return on equity of 11.08% and a net margin of 3.80%. The company’s quarterly revenue was down .9% compared to the same quarter last year. During the same period last year, the firm earned $0.53 EPS.

Several equities analysts recently issued reports on CRTO shares. ValuEngine raised Criteo from a “strong sell” rating to a “sell” rating in a report on Wednesday, November 20th. Berenberg Bank reaffirmed a “buy” rating and set a $34.00 price objective on shares of Criteo in a report on Friday, September 6th. BidaskClub raised Criteo from a “hold” rating to a “buy” rating in a report on Thursday, October 24th. Rosenblatt Securities reaffirmed a “hold” rating and set a $20.00 price objective on shares of Criteo in a report on Thursday, November 14th. Finally, Deutsche Bank reduced their price objective on Criteo from $32.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $22.28.

Shares of CRTO traded up $0.10 during mid-day trading on Wednesday, hitting $17.19. The company’s stock had a trading volume of 333,862 shares, compared to its average volume of 517,352. The firm has a 50-day simple moving average of $18.07 and a 200 day simple moving average of $18.64. The firm has a market capitalization of $1.10 billion, a P/E ratio of 10.48 and a beta of 0.74. Criteo has a 1-year low of $15.90 and a 1-year high of $30.85.

A number of institutional investors have recently added to or reduced their stakes in CRTO. DNB Asset Management AS increased its position in Criteo by 800.2% during the second quarter. DNB Asset Management AS now owns 2,042,979 shares of the information services provider’s stock worth $35,119,000 after buying an additional 1,816,025 shares in the last quarter. Pekin Hardy Strauss Inc. purchased a new position in Criteo during the second quarter worth $21,017,000. Morgan Stanley increased its position in Criteo by 53.4% during the second quarter. Morgan Stanley now owns 2,546,000 shares of the information services provider’s stock worth $43,817,000 after buying an additional 886,050 shares in the last quarter. Okumus Fund Management Ltd. purchased a new position in Criteo during the second quarter worth $8,644,000. Finally, FMR LLC increased its position in Criteo by 89.7% during the first quarter. FMR LLC now owns 823,009 shares of the information services provider’s stock worth $16,485,000 after buying an additional 389,100 shares in the last quarter. 86.70% of the stock is owned by institutional investors.

Criteo Company Profile

Criteo SA, a technology company, provides an advertising platform for the open Internet 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 AI Engine solutions include Lookalike finder algorithms; recommendation algorithms; predictive bidding algorithms; bidding engine that executes campaigns based on certain objectives set by its clients; dynamic creative optimization+, which assembles customized creative advertising content by optimizing each individual creative component in the advertisement; software systems and processes, which enable data synchronization, storage, and analysis of distributed computing infrastructure in various geographies; and experimentation platform, an offline/online platform to enhance the capabilities and effectiveness of prediction models.

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