Analysts Expect Criteo SA (NASDAQ:CRTO) Will Post Quarterly Sales of $222.56 Million

Wall Street analysts expect Criteo SA (NASDAQ:CRTO) to post sales of $222.56 million for the current fiscal quarter, according to Zacks. Eight analysts have made estimates for Criteo’s earnings. The highest sales estimate is $223.80 million and the lowest is $220.06 million. Criteo reported sales of $230.22 million in the same quarter last year, which would suggest a negative year over year growth rate of 3.3%. The company is scheduled to report its next earnings results on Wednesday, August 7th.

On average, analysts expect that Criteo will report full-year sales of $967.18 million for the current year, with estimates ranging from $937.95 million to $1.01 billion. For the next financial year, analysts anticipate that the firm will report sales of $1.02 billion, with estimates ranging from $961.35 million to $1.10 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Criteo.

Criteo (NASDAQ:CRTO) last issued its quarterly earnings results on Tuesday, April 30th. The information services provider reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.13. Criteo had a return on equity of 10.75% and a net margin of 3.83%. The firm had revenue of $235.69 million for the quarter, compared to analysts’ expectations of $234.24 million. During the same period in the previous year, the firm posted $0.60 EPS. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year.

CRTO has been the topic of a number of analyst reports. Zacks Investment Research cut EXACT Sciences from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. ValuEngine cut W&T Offshore from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. SunTrust Banks upped their price objective on HubSpot to $205.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Rosenblatt Securities reaffirmed a “hold” rating and issued a $23.00 price objective on shares of Criteo in a research report on Friday, May 3rd. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $45.00 price objective on shares of SAP in a research report on Wednesday, May 1st. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. Criteo currently has a consensus rating of “Hold” and a consensus target price of $28.78.

Shares of CRTO traded down $0.05 during mid-day trading on Friday, reaching $17.92. The company had a trading volume of 143,200 shares, compared to its average volume of 521,745. The stock’s 50-day moving average is $18.38. Criteo has a 52 week low of $16.46 and a 52 week high of $36.66. The stock has a market capitalization of $1.18 billion, a P/E ratio of 10.93, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91.

In other news, COO Mary Spilman sold 1,567 shares of the stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $17.05, for a total transaction of $26,717.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.01% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bell Rock Capital LLC lifted its stake in shares of Criteo by 33.3% during the first quarter. Bell Rock Capital LLC now owns 2,000 shares of the information services provider’s stock worth $40,000 after buying an additional 500 shares during the period. Quantamental Technologies LLC bought a new position in Criteo in the first quarter worth $63,000. First Mercantile Trust Co. lifted its position in Criteo by 40.3% in the first quarter. First Mercantile Trust Co. now owns 5,895 shares of the information services provider’s stock worth $118,000 after purchasing an additional 1,692 shares during the period. Systematic Financial Management LP bought a new position in Criteo in the first quarter worth $131,000. Finally, Trust Co. of Vermont lifted its position in Criteo by 47.2% in the first quarter. Trust Co. of Vermont now owns 8,107 shares of the information services provider’s stock worth $162,000 after purchasing an additional 2,598 shares during the period. 80.59% of the stock is currently owned by hedge funds and other institutional investors.

About Criteo

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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