Earnings from Opera Limited [OPRA] are scheduled on April 27, 2021, before the market opens. It is expected that the company will report strong earnings for the quarter ending Mar 2021.
OPRA Stock Earnings Outlook For The Current Quarter
The consensus estimates for the quarter suggest that the company would earn $0.02 per share on revenue of $48.48M. Taking a look at the future, the company is projected to report revenue of $54.24M at an earnings per share of $0.06 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 14.80% in revenue and 86.24% in earnings per share for the company.
OPRA Stock Earnings Forecast For The Current Year
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For the full financial year, Opera Limited [NASDAQ:OPRA] is forecasted to generate revenue of $232M. The figure is about $66.73 million above what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $0.3 in 2021, which is -$0.14 lower than the figure in FY20. Based on current estimates, earnings are expected to grow -31.80% this year, 83.30% next year, and 84.00% annually over the next five years. With regard to sales, forecasts suggest an incline of 40.40% in current fiscal year and 14.80% over following year.
OPRA Stock Price Performance
At the close of Monday’s session, Opera Limited [NASDAQ:OPRA] finished up 6.61% at $10.81. The stock’s highest single-day price was $10.85, and its lowest was $10.22. Its price rose 7.46% in the last five days. Since the beginning of the year, Opera Limited’s shares are up nearly 18.40%. However, the share price is -22.40% below its one year high. The top price reached by the shares of the company was $13.93 on 02/18/21, while the 52-week low came on 02/01/21, when the shares were $8.28. In the past year, shares of the company have risen 114.91%. At 50 days, the moving average achieved is $11.42 while at 200 days, the moving average is $9.80. There were 0.27 million shares traded in the last session, up from 0.14 million in the previous session.
Opera Limited [NASDAQ:OPRA] Stock Valuation Metrics
With a prevailing 12-month PE ratio of 36.77, Opera Limited [OPRA] does not qualify as a good candidate for the list of underestimated low-priced stocks that should be purchased sooner rather than later. By this measure, the company’s stock is trading at a premium to the industry average of 32.50 times trailing earnings. Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 7.30 PS value ratio is reported for the last one year of reported earnings. This is above the average return 3.45 for the industry, which means OPRA offers an unattractive investment opportunity than its competitors do.
OPRA Share Price Support And Resistance Levels
Based on the daily chart, the immediate backing lies around the 10.81 level, and the violation of this level will cause a further drop to 10.40 level. At the upper end, 11.66 remains a key resistance. As the stock increases, it may find resistance at 11.26. In the 14-day chart, the Relative Strength Index standing at 52.60 suggests a technical neutral stance while the MACD standing at -0.02 indicates price will decrease in the next trading period. Stochastic %K at 48.10% suggests holding the stock while Percent R indicator at 29.52% suggests bullish price movement.
How much is the short interest in Opera Limited?
There have been a drop in short interest in the Opera Limited Financial stock, with short interest down by 92260.0 shares to 0.54 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 0.45 million shares. This 17.15% increase suggests some bearish sentiment was experienced by the stock.
How do analysts view Opera Limited?
In regard to the share price forecast for Opera Limited stock, the analysts, as surveyed by FactSet, forecast the price to reach $15.50 in the next twelve months, representing almost an 30.26% growth from its recent price of $10.81. Among Opera Limited stock projections, $17.50 is the highest analyst target for the stock, while $14.40 is the lowest. Despite this, 4 analysts who share their consensus rating for OPRA in 2021 agree that the stock is a Buy.