Equities analysts forecast that Enjoy Technology, Inc. (NASDAQ:ENJY – Get Rating) will announce earnings per share of ($0.34) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Enjoy Technology’s earnings. The highest EPS estimate is ($0.25) and the lowest is ($0.43). Enjoy Technology posted earnings per share of ($0.32) in the same quarter last year, which suggests a negative year-over-year growth rate of 6.3%. The company is expected to announce its next earnings results on Monday, January 1st.
On average, analysts expect that Enjoy Technology will report full-year earnings of ($1.30) per share for the current financial year, with EPS estimates ranging from ($1.63) to ($0.96). For the next year, analysts expect that the business will report earnings of ($0.74) per share, with EPS estimates ranging from ($1.19) to ($0.28). Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Enjoy Technology.
Enjoy Technology (NASDAQ:ENJY – Get Rating) last posted its quarterly earnings results on Wednesday, March 23rd. The company reported ($0.68) EPS for the quarter. The business had revenue of $22.20 million for the quarter, compared to analyst estimates of $25.60 million.
Several equities analysts have recently weighed in on the stock. BTIG Research downgraded shares of Enjoy Technology from a “buy” rating to a “neutral” rating in a research note on Thursday, April 14th. Loop Capital reduced their price objective on shares of Enjoy Technology from $8.00 to $4.00 in a research note on Friday, March 25th. Zacks Investment Research cut shares of Enjoy Technology from a “hold” rating to a “sell” rating in a research note on Tuesday. Stifel Nicolaus lowered their price objective on shares of Enjoy Technology from $6.00 to $0.50 in a report on Tuesday. Finally, Telsey Advisory Group downgraded shares of Enjoy Technology from a “market perform” rating to an “underperform” rating in a research report on Tuesday. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $5.50.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Wolverine Asset Management LLC purchased a new stake in Enjoy Technology during the 4th quarter valued at approximately $34,000. Bank of America Corp DE purchased a new position in shares of Enjoy Technology in the fourth quarter valued at $38,000. Penserra Capital Management LLC purchased a new position in shares of Enjoy Technology in the fourth quarter valued at $46,000. Sciencast Management LP purchased a new position in shares of Enjoy Technology in the first quarter valued at $56,000. Finally, State Street Corp purchased a new position in shares of Enjoy Technology in the fourth quarter valued at $69,000. 41.19% of the stock is owned by institutional investors and hedge funds.
Shares of ENJY traded up $0.02 during trading hours on Friday, reaching $0.28. 1,696,489 shares of the stock traded hands, compared to its average volume of 830,787. The stock has a fifty day simple moving average of $2.42 and a 200 day simple moving average of $3.81. Enjoy Technology has a 52 week low of $0.23 and a 52 week high of $12.16. The company has a market cap of $33.26 million, a price-to-earnings ratio of -0.12 and a beta of 3.19.
Enjoy Technology Company Profile (Get Rating)
Enjoy Technology, Inc operates mobile retail stores in the United States, Canada, and the United Kingdom. It assists consumer in evaluating and selecting a range of accessories, media subscriptions, device protection, broadband, and other services. The company was founded in 2015 and is headquartered in Palo Alto, California.
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