Vivid Seats (SEAT) to Release Earnings on Thursday

Vivid Seats (NASDAQ:SEAT) is set to release its earnings data before the market opens on Thursday, November 7th. Analysts expect Vivid Seats to post earnings of $0.04 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Vivid Seats (NASDAQ:SEAT) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.08). The firm had revenue of $198.32 million for the quarter, compared to analyst estimates of $194.68 million. Vivid Seats had a return on equity of 57.44% and a net margin of 4.73%. During the same period in the prior year, the firm posted $0.20 earnings per share. On average, analysts expect Vivid Seats to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Vivid Seats Price Performance

SEAT stock traded down $0.04 during midday trading on Tuesday, hitting $3.95. 333,396 shares of the stock were exchanged, compared to its average volume of 1,385,893. The stock’s 50-day moving average price is $4.03 and its 200-day moving average price is $4.73. Vivid Seats has a fifty-two week low of $3.36 and a fifty-two week high of $8.80. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.73 and a current ratio of 0.79.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SEAT. Citigroup reduced their price objective on Vivid Seats from $10.00 to $9.00 and set a “buy” rating for the company in a report on Friday, September 20th. Craig Hallum reduced their price objective on Vivid Seats from $10.00 to $8.00 and set a “buy” rating for the company in a report on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft reduced their price objective on Vivid Seats from $4.50 to $4.00 and set a “hold” rating for the company in a report on Monday. Benchmark cut their price target on Vivid Seats from $15.00 to $10.00 and set a “buy” rating for the company in a report on Tuesday, September 10th. Finally, Piper Sandler cut their price target on Vivid Seats from $7.00 to $5.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Vivid Seats presently has an average rating of “Moderate Buy” and an average target price of $7.11.

Vivid Seats Company Profile

Vivid Seats Inc operates an online ticket marketplace in the United States, Canada, and Japan. The company operates in two segments, Marketplace and Resale. The Marketplace segment acts as an intermediary between event ticket buyers and sellers; processes ticket sales on its website and mobile applications through its distribution partners; and sells tickets for sports, concerts, theater events, and other live events.