What's Going On With Rumble Stock Monday?
Portfolio Pulse from Adam Eckert
Rumble Inc (NASDAQ:RUM) is set to report its second-quarter financial results after the market close on Monday. The company is expected to report a loss of 15 cents per share and revenue of $19.69 million. Rumble has missed revenue estimates for three consecutive quarters. Last quarter, it reported revenue of $17.73 million and a loss of 21 cents per share. The company had 50 million monthly active users in the first quarter and ended the quarter with $183.8 million in cash and equivalents. CEO Chris Pavlovski will be interviewed after the earnings call to discuss the company's accomplishments and future plans, including the expansion of Rumble Premium. Wedbush analyst Scott Devitt has initiated coverage with a Neutral rating and a price target of $8. Rumble shares were down 3.78% at $5.62 at the time of publication.

August 12, 2024 | 6:38 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Rumble Inc is set to report its Q2 financial results, with expectations of a loss of 15 cents per share and revenue of $19.69 million. The company has missed revenue estimates for three consecutive quarters. CEO Chris Pavlovski will discuss future plans, including the expansion of Rumble Premium, post-earnings.
Rumble's upcoming earnings report and the CEO's discussion on future plans are critical for investors. The company's history of missing revenue estimates and the current share price decline suggest a cautious outlook. However, the potential expansion of Rumble Premium could be a positive catalyst.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100