Allegro.eu (ALEGF) Projected to Announce Quarterly Earnings on Thursday

Allegro.eu (OTCMKTS:ALEGF) is projected to release its resultson Thursday, November 12th. Analysts expect Allegro.eu to announce earnings of $0.2442 per share and revenue of $860.30 million for the quarter.

Allegro.eu Stock Performance

Shares of Allegro.eu stock opened at $14.97 on Thursday. The firm’s 50-day simple moving average is $11.25 and its 200-day simple moving average is $9.03. Allegro.eu has a twelve month low of $9.55 and a twelve month high of $14.97.

Analyst Ratings Changes

ALEGF has been the subject of several recent research reports. Citigroup lowered shares of Allegro.eu to a “neutral” rating in a research report on Thursday, October 1st. Barclays raised Allegro.eu to an “overweight” rating in a report on Friday, September 18th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Allegro.eu has a consensus rating of “Moderate Buy”.

About Allegro.eu

Allegro.eu operates an online marketplace that connects consumers with businesses and other sellers. Its platform offers products across categories such as electronics, home and garden, fashion, and everyday essentials, alongside services including delivery options and Allegro Pay, its payment and financing service.

Founded in Poland in 1999, Allegro grew into one of the country’s best-known e-commerce platforms. The company has expanded beyond Poland, including through its 2022 acquisition of the Mall Group, and serves customers in several Central and Eastern European markets.

Allegro’s operations include its Polish marketplace and regional e-commerce brands and platforms.