RumbleOn (RMBL) Set to Announce Quarterly Earnings on Tuesday

RumbleOn (NASDAQ:RMBL) will be announcing its earnings results before the market opens on Tuesday, November 12th. Analysts expect the company to announce earnings of ($0.10) per share for the quarter.

RumbleOn (NASDAQ:RMBL) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.04). The company had revenue of $336.80 million for the quarter, compared to analyst estimates of $386.05 million. RumbleOn had a negative return on equity of 98.94% and a negative net margin of 15.15%. During the same period last year, the firm earned $0.02 EPS. On average, analysts expect RumbleOn to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

RumbleOn Stock Up 8.9 %

RMBL opened at $5.64 on Thursday. RumbleOn has a fifty-two week low of $3.13 and a fifty-two week high of $8.84. The stock has a fifty day moving average of $4.72 and a 200-day moving average of $4.75. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.27 and a current ratio of 1.12. The company has a market capitalization of $199.22 million, a P/E ratio of -0.62 and a beta of 2.08.

Analyst Ratings Changes

Separately, Wedbush reduced their price objective on shares of RumbleOn from $7.00 to $5.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th.

RumbleOn Company Profile

RumbleOn, Inc primarily operates as a powersports retailer in the United States. It operates in two segments, Powersports and Vehicle Transportation Services. The Powersports segment provides new and pre-owned motorcycles, all-terrain vehicles, utility terrain or side-by-side vehicles, personal watercraft, snowmobiles, and other powersports products.