Ibotta shares are trading lower after the company reported a year-over-year decrease in Q2 adjusted EPS results and issued Q3 revenue guidance below estimates. Also, multiple firms lowered their respective price targets on the stock.
Portfolio Pulse from Benzinga Newsdesk
Ibotta shares are trading lower after the company reported a year-over-year decrease in Q2 adjusted EPS results and issued Q3 revenue guidance below estimates. Multiple firms also lowered their price targets on the stock.
August 14, 2024 | 3:18 pm
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NEGATIVE IMPACT
Ibotta shares are trading lower due to a year-over-year decrease in Q2 adjusted EPS and Q3 revenue guidance below estimates. Multiple firms have also lowered their price targets on the stock.
The decrease in Q2 adjusted EPS and lower-than-expected Q3 revenue guidance are negative indicators for Ibotta's financial health. Additionally, multiple firms lowering their price targets suggests a lack of confidence in the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100