CTV Earnings Forecast
Looking ahead, CTV remains a focal point for investors seeking growth opportunities. Analyst forecasts for 2024/Q4 project quarter revenue of 38.80M and an EPS of undefined.
However, recent estimate revisions provide additional context. Over the past three months, revenue estimates for FY2024 have been No Change by 0%, while EPS estimates have been No Change by 0%. For the upcoming , revenue estimates have been adjusted No Change by % . These revisions correlate with a % change in stock price over the same period, suggesting potential buying opportunities for investors who believe in CTV long-term fundamentals.
The relationship between earnings forecast revisions and stock price movements is critical for investors. Positive revisions in revenue or EPS often signal strengthening fundamentals, making temporary price dips attractive entry points. Conversely, downward revisions may reflect short-term challenges.
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Earnings Forecast
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Earnings Reaction
The chart below shows how CTV performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CTV sees a +5.60% change in stock price 10 days leading up to the earnings, and a -0.81% change 10 days following the report. On the earnings day itself, the stock moves by -1.12%. This data can give you a slight idea of what to expect for the next quarter's release.
For example, in JUN/2024, the stock changed -5.62% on the day following the earnings release and then changed by 2.25% over the next 10 days. These patterns provide investors with valuable insights into potential price movements and help inform trading strategies around earnings events.
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Frequently Asked Questions
What were the key highlights of CTV's latest earnings report for FY2024Q2?
CTV reported its FY2024Q2 earnings on 2024-08-06, showcasing a revenue of 37.95M against an estimate of 38.65M, resulting in a -1.81% surprise. The EPS was -0.07, surpassing the expected -0.01 by -600% . The stock experienced a -5.82% price change on the earnings day and a -12.7% change over the next five days, reflecting market reactions to the results.
How did CTV's stock price react after the FY2024Q2 earnings release?
Following CTV's FY2024Q2 earnings announcement on 2024-08-06, the stock price moved by -5.82% on the day of the release. Over the subsequent five days, it saw a -12.70% change. Historically, CTV's stock price tends to shift by an average of +5.60% in the 10 days leading up to earnings and -0.81% in the 10 days following, providing insight into potential market.
What are the revenue and EPS estimates for CTV for 2024/Q4?
For 2024/Q4, analysts estimate CTV’s annual revenue to reach 38.80M, while the EPS is projected at undefined. These estimates reflect recent revisions, with revenue estimates revised Revenue No Change by 0% and EPS estimates No Change by % over the past three months, indicating analyst expectation in the company’s performance.
How does CTV's stock price correlate with earnings forecast revisions?
The correlation between CTV's stock price and earnings forecast revisions shows that positive revisions in revenue or EPS often strengthen the stock’s fundamentals. Over the past three months, revenue estimates for FY2024 were No Change by 0%, while EPS estimates moved No Change by % . This trend suggests that price dips could present buying opportunities for investors.
What should investors expect from CTV's next earnings report?
Based on historical trends, CTV's stock price typically moves by +5.60% in the 10 days before its earnings and -0.81% in the 10 days after. For the upcoming 2024/Q4 earnings, analysts expect an EPS of undefined and revenue of 38.80M.
What is the sentiment in Innovid Corp. (CTV) Q3 2024 Earnings Call Summary?
The company's financial performance shows strong growth in adjusted EBITDA and net income, indicating operational efficiency. The strategic partnership with Nielsen and the stock repurchase program are positive catalysts. The guidance is optimistic, with a focus on long-term revenue and margin targets. Despite some uncertainties in political ad spend and the competitive environment, the overall sentiment is positive, suggesting a stock price increase in the short term.