Analysts Have Been Trimming Their Rumble Inc. (NASDAQ:RUM) Price Target After Its Latest Report
Rumble Inc. (NASDAQ:RUM) defied analyst predictions to release its quarterly results, which were ahead of market expectations. Results overall were solid, with revenues arriving 4.1% better than analyst forecasts at US$24m. Higher revenues also resulted in substantially lower statutory losses which, at US$0.01 per share, were 4.1% smaller than the analysts expected. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.
We’ve discovered 3 warning signs about…
