Circle Sees Q4 EPS Drop to $0.16 While Revenue Rises to $746.6M
Analysts forecast Circle’s Q4 EPS to plunge 75% to $0.16, while revenue edges up to $746.62 million from $739.60 million last quarter. Short interest jumped to 22.4 million shares, or 11.71% of the float, even as consensus price target stands at $131.06.
1. Analysts Predict Q4 EPS Slump
Analysts estimate Q4 earnings per share of $0.16, down 75% quarter-over-quarter, while revenue is expected at $746.62 million, up 1% from $739.60 million in Q3.
2. Investor Sentiment and Analyst Ratings
Consensus price target is $131.06 from 20 analysts; JPMorgan retained its Overweight rating but cut its target to $90, and Mizuho raised its rating to Neutral with a $77 target. Short interest at 22.4 million shares represents 11.71% of the float, signaling bearish pressure.
3. Stock Momentum and Recent Performance
Circle shares debuted at $69, a 124% increase from IPO, closed the first trading day at $83.23, but have since fallen 26%. After closing the prior session at $61.17, shares rose 0.10% in after-hours trading, leaving year-to-date performance down 22%.