Please ensure Javascript is enabled for purposes of website accessibility

Why Fluent Stock Took a Hit on Friday

By Daniel Sparks - Jan 15, 2021 at 11:53AM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The tech company just released its preliminary fourth-quarter resutls.

What happened

Shares of Fluent (FLNT 0.00%), a data-driven digital marketing services company, saw its stock take a hit on Friday morning. As of 11:10 a.m. EST, the stock was down 11.3%.

The stock's decline follows the tech company's preliminary fourth-quarter results, which included revenue that was below analysts' average forecast.

A chart showing a stock price falling

Image source: Getty Images.

So what

Fluent said its fourth-quarter revenue is estimated to be between $81 million and $82 million. This compares to revenue of $80 million in the year-ago quarter. Of the two analysts covering the stock, the average forecast was for revenue to be $85.4 million.

The company says its fourth-quarter earnings before interest, taxes, depreciation, and amortization (EBITDA) is expected to be between $9 million and $11 million.

Management estimates that its full-year 2020 revenue rose 10%.

"This was a year that tested us all in many ways, and the diversification of our marketplace, the resilience of our platform and the resolve of our team, collectively enabled these results," said Fluent CEO Ryan Schulke.

So what

Investors should keep in mind that these are preliminary fourth-quarter results -- not official results. The company's official fourth-quarter and full-year results will be released in March.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Fluent, Inc. Stock Quote
Fluent, Inc.
$1.37 (0.00%) $0.00

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 05/18/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.