Rumble (RUM) to Release Quarterly Earnings on Monday

Rumble (NASDAQ:RUM) will issue its quarterly earnings data after the market closes on Monday, August 12th. Analysts expect the company to announce earnings of ($0.15) per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Rumble (NASDAQ:RUM) last issued its quarterly earnings data on Tuesday, May 14th. The company reported ($0.15) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.04. The company had revenue of $17.73 million for the quarter, compared to the consensus estimate of $18.27 million. Rumble had a negative return on equity of 46.51% and a negative net margin of 161.62%. During the same quarter last year, the company earned ($0.10) earnings per share. On average, analysts expect Rumble to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Rumble Stock Performance

Shares of Rumble stock opened at $5.85 on Friday. The company has a market capitalization of $2.27 billion, a PE ratio of -9.14 and a beta of 0.77. The company has a 50-day simple moving average of $5.99 and a two-hundred day simple moving average of $6.64. Rumble has a one year low of $3.33 and a one year high of $9.20.

Wall Street Analyst Weigh In

Separately, Wedbush started coverage on shares of Rumble in a research note on Wednesday, July 17th. They set a “neutral” rating and a $8.00 price objective for the company.

Insider Activity

In other Rumble news, Director Robert Arsov sold 27,500 shares of the stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $5.61, for a total value of $154,275.00. Following the completion of the sale, the director now directly owns 15,049,837 shares in the company, valued at $84,429,585.57. The transaction was disclosed in a document filed with the SEC, which is available at this link. In the last quarter, insiders sold 200,000 shares of company stock worth $1,176,525. Insiders own 72.90% of the company’s stock.

Rumble Company Profile

Rumble Inc operates video sharing platforms in the United States, Canada, and internationally. The company operates rumble.com, a free-to-use video sharing and livestreaming platform where users can subscribe to channels to stay in touch with creators, and access video on-demand (VOD) and live content streamed by creators.