Nexxen International (NASDAQ:NEXN) Announces Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Nexxen International (NASDAQ:NEXN) issued its quarterly earnings data on Thursday. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.02), Zacks reports. The firm had revenue of $88.58 million for the quarter, compared to analyst estimates of $85.75 million. Nexxen International had a positive return on equity of 4.86% and a negative net margin of 3.12%. During the same period in the prior year, the firm posted $0.03 earnings per share. Nexxen International updated its FY 2024 guidance to EPS.

Nexxen International Stock Performance

Nexxen International stock opened at $7.77 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.36 and a current ratio of 1.36. The stock has a fifty day moving average of $6.43 and a two-hundred day moving average of $5.81. The company has a market capitalization of $531.47 million, a price-to-earnings ratio of -59.31 and a beta of 1.84. Nexxen International has a fifty-two week low of $3.15 and a fifty-two week high of $7.88.

Wall Street Analysts Forecast Growth

NEXN has been the subject of several research reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $8.00 price objective on shares of Nexxen International in a report on Friday, June 21st. Needham & Company LLC lifted their price objective on Nexxen International from $6.50 to $8.50 and gave the stock a “buy” rating in a report on Friday. JMP Securities reaffirmed a “market outperform” rating and set a $11.00 price objective on shares of Nexxen International in a report on Friday, June 14th. Finally, Stifel Nicolaus lifted their price objective on Nexxen International from $5.50 to $6.00 and gave the stock a “hold” rating in a report on Tuesday, May 21st.

Nexxen International Company Profile

Nexxen International Ltd. provides end-to-end software platform that enables advertisers to reach publishers Israel. The company’s demand side platform (DSP) offers full-service and self-managed marketplace access to advertisers and agencies to execute their digital marketing campaigns in real time across various ad formats.