Reddit, Inc. is anticipated to release its quarterly earnings on Wednesday, April 29th, with a consensus estimate EPS of $0.62.
In the current trading session, Reddit, Inc. (RDDT) is priced at $148.15, experiencing a decrease of $12.06 (-7.53%) from the previous close. The trading volume is noteworthy at $1.96 million, representing a 36.44% increase compared to the average.
The latest quarterly earnings call for Reddit, Inc. was on Wednesday, February 4th, with a consensus estimate EPS of $0.96. Moreover, the company reported a robust net income of $251.60 million.
Citigroup recently upgraded Reddit, Inc.'s grade to "Buy" from the previous "Buy" rating on April 24th.
Reddit, Inc. demonstrates a healthy financial position with operating cash flow of $266.81 million and free cash flow of $263.64 million. The net change in cash for the period was $41.92 million.
The company's income statement reveals a strong gross profit of $666.89 million, operating income of $231.83 million, and a net income of $251.60 million, resulting in an EPS of $1.32.
Key financial ratios indicate Reddit, Inc.'s solid performance, including a net profit margin of 34.67%, return on assets of 7.77%, and a price-to-earnings ratio of 43.39.
Reddit, Inc. showcases total assets of $3.24 billion, with cash and cash equivalents amounting to $953.57 million. The company holds no long-term investments and a net debt of -$930.36 million.
This comprehensive overview provides insights into Reddit, Inc.'s financial standing and performance leading up to its upcoming earnings report.
Reddit, Inc. operates a website that organizes digital communities. It organizes communities based on specific interests that enable users to engage in conversations by sharing experiences, submitting links, uploading images and videos, and replying to one another. The company was founded in 2005 and is headquartered in San Francisco, California. Reddit, Inc. operates as a subsidiary of Advance Publications, Inc.