Allegro.eu (ALEGF) to Post Earnings on Thursday

Allegro.eu (OTCMKTS:ALEGF) is expected to be announcing its resultson Thursday, September 17th. Analysts expect the company to post earnings of $0.2442 per share and revenue of $1.6699 billion for the quarter.

Allegro.eu Price Performance

Allegro.eu stock opened at $9.55 on Wednesday. The firm’s 50 day simple moving average is $8.60 and its 200 day simple moving average is $8.37. Allegro.eu has a 1-year low of $8.23 and a 1-year high of $9.55.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. The Goldman Sachs Group lowered shares of Allegro.eu from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 23rd. Oddo Bhf upgraded Allegro.eu to an “outperform” rating in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Allegro.eu Company Profile

Allegro.eu SA is the Netherlands-based holding company for Allegro, the leading e-commerce platform in Poland. Founded in 1999 and headquartered in Poznań, Allegro connects millions of consumers and businesses through its online marketplace, facilitating both consumer-to-consumer auctions and business-to-consumer fixed-price sales.

The platform offers a broad range of product categories, including electronics, home and garden, fashion, automotive parts and health and beauty. Key features include an integrated payment solution for secure transactions, an optional subscription program that provides free shipping and exclusive promotions, and in-house logistics support that streamlines order fulfillment for sellers and buyers alike.

Allegro has grown from a nascent auction site into a comprehensive retail ecosystem by introducing value-added services such as installment payment options, digital wallets and performance analytics for merchants.