Taboola.com TBLA is set to unveil its fourth-quarter 2023 financial results on Feb 28.
In Q4 2023, Taboola anticipates revenues to range between $418 million and $449 million, with the Zacks Consensus Estimate standing at $436.65 million, marking a 17.61% increase from the previous year.
The consensus forecast for earnings is 2 cents per share, unmoved over the last 30 days.
Taboola.com Ltd. Price and EPS Surprise
Taboola’s earnings exceeded the Zacks Consensus Estimate in three of the last four quarters, with a trailing four-quarter earnings surprise averaging 73.14%.
Now, let’s delve into the factors shaping up the scenario for the impending announcement.
Factors to Consider
Taboola’s resilient platform, continuous product innovation, partnerships with tech giants like Microsoft and Yahoo, and strong presence in the e-commerce sector are expected to bolster Q4 results.
The robust performance in Europe and the U.S., especially in the e-commerce segment, is anticipated to drive growth in the last quarter.
The company’s advanced AI-powered bidding technology, resulting from its collaboration with Microsoft, along with the promising integration with Yahoo, providing exclusive access to global native supply, is anticipated to drive revenue growth.
Despite these promising aspects, the ongoing Israeli conflict and its potential economic impacts, combined with revenue reliance on the region, might pose challenges for TBLA in Q4 2023.
Insights from Our Model
According to the Zacks model, an Earnings ESP combined with a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the odds of an earnings beat, which doesn’t align with Taboola’s current scenario.
With an Earnings ESP of 0.00% and a Zacks Rank #3, the company’s earnings outlook remains neutral. For more insights, explore our Earnings ESP Filter.
Top Picks to Watch
Consider these companies poised for an earnings beat:
The Gap (GPS) holds an Earnings ESP of +24.44% and a Zacks Rank #1. Check out the Zacks #1 Rank stocks list here.
Shares of The Gap have declined 8.7% year-to-date, with the Q4 2023 results scheduled for Mar 7.
SEMrush (SEMR) boasts an Earnings ESP of +23.08% and a Zacks Rank of 2. The company will report its Q4 2023 results on Mar 4.
Stay informed about upcoming earnings announcements with the Zacks Earnings Calendar.
Disclaimer: The information provided is for educational purposes only and does not constitute investment advice.