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CRTO
Benzinga
106 days

Criteo Analysts Slash Their Forecasts After Q1 Results

1. Criteo reported Q1 earnings of $1.10, exceeding estimates. 2. Quarterly sales reached $264 million, above analyst forecasts. 3. Company targets Q2 sales of $272-$278 million. 4. Analysts adjusted price targets, mostly downwards, post-earnings. 5. Criteo shares fell 6.7% following the announcement.

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FAQ

Why Neutral?

CRTO's strong earnings were overshadowed by a significant share price drop, indicating investor concerns. Adjusted price targets reflect mixed analyst sentiment.

How important is it?

The article discusses impactful earnings results, analyst reactions, and share price performance, directly affecting investor sentiment.

Why Short Term?

Immediate reactions to earnings and guidance indicate influence over the coming weeks. Analysts' ratings and price targeting will shape short-term market perceptions.

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