The Rubicon Project, Inc. (RUBI) Expected to Post Earnings of -$0.30 Per Share

Wall Street brokerages predict that The Rubicon Project, Inc. (NYSE:RUBI) will report earnings of ($0.30) per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for The Rubicon Project’s earnings, with estimates ranging from ($0.30) to ($0.29). The Rubicon Project posted earnings per share of $0.37 in the same quarter last year, which would indicate a negative year-over-year growth rate of 181.1%. The company is expected to report its next quarterly earnings results on Tuesday, March 13th.

According to Zacks, analysts expect that The Rubicon Project will report full year earnings of ($2.55) per share for the current fiscal year. For the next financial year, analysts forecast that the firm will report earnings of ($1.28) per share, with EPS estimates ranging from ($1.39) to ($1.17). Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for The Rubicon Project.

The Rubicon Project (NYSE:RUBI) last released its earnings results on Thursday, November 2nd. The software maker reported ($0.14) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.02). The business had revenue of $35.20 million for the quarter, compared to analysts’ expectations of $39.38 million. The Rubicon Project had a negative net margin of 77.31% and a negative return on equity of 9.23%. The business’s quarterly revenue was down 41.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.20 earnings per share.

Several equities analysts have recently commented on RUBI shares. B. Riley reiterated a “hold” rating and set a $5.00 target price on shares of The Rubicon Project in a research note on Monday, October 23rd. Needham & Company LLC reissued a “hold” rating on shares of The Rubicon Project in a research report on Friday, November 3rd. Finally, Citigroup dropped their price target on The Rubicon Project from $6.00 to $4.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 26th. Two investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The stock has an average rating of “Hold” and a consensus target price of $5.61.

A number of hedge funds and other institutional investors have recently modified their holdings of RUBI. Sessa Capital IM L.P. increased its position in The Rubicon Project by 76.5% in the third quarter. Sessa Capital IM L.P. now owns 2,262,748 shares of the software maker’s stock worth $8,802,000 after buying an additional 980,420 shares during the period. Dimensional Fund Advisors LP increased its position in The Rubicon Project by 83.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,866,791 shares of the software maker’s stock worth $9,596,000 after buying an additional 846,857 shares during the period. Divisar Capital Management LLC increased its position in The Rubicon Project by 38.5% in the second quarter. Divisar Capital Management LLC now owns 2,476,289 shares of the software maker’s stock worth $12,728,000 after buying an additional 688,801 shares during the period. Citadel Advisors LLC increased its position in The Rubicon Project by 30.6% in the third quarter. Citadel Advisors LLC now owns 935,350 shares of the software maker’s stock worth $3,639,000 after buying an additional 218,914 shares during the period. Finally, Algert Global LLC acquired a new stake in The Rubicon Project in the third quarter worth $794,000. 62.62% of the stock is currently owned by hedge funds and other institutional investors.

The Rubicon Project (RUBI) traded down $0.11 during trading on Thursday, hitting $1.97. The stock had a trading volume of 596,400 shares, compared to its average volume of 1,161,900. The stock has a market cap of $103.57, a PE ratio of -0.63 and a beta of 1.25. The Rubicon Project has a 12 month low of $1.68 and a 12 month high of $9.16.

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About The Rubicon Project

The Rubicon Project, Inc offers a technology solution to automate the purchase and sale of advertising for buyers and sellers. The Company’s solution enables buyers and sellers to purchase and sell a range of advertising units, including display and video; utilizing various inventory types, including direct sale of inventory and real-time bidding (RTB), and across digital channels, including mobile Web, mobile application and desktop, as well as across various out of home channels, such as digital billboards.

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