Brokerages expect Enjoy Technology, Inc. (NASDAQ:ENJY – Get Rating) to post $24.40 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Enjoy Technology’s earnings. The highest sales estimate is $24.50 million and the lowest is $24.30 million. The business is scheduled to issue its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Enjoy Technology will report full-year sales of $171.50 million for the current financial year, with estimates ranging from $165.10 million to $177.90 million. For the next fiscal year, analysts expect that the business will post sales of $357.35 million, with estimates ranging from $334.60 million to $380.10 million. Zacks’ sales calculations are an average based on a survey of research analysts that cover Enjoy Technology.
Enjoy Technology (NASDAQ:ENJY – Get Rating) last announced its earnings results on Wednesday, March 23rd. The company reported ($0.68) EPS for the quarter, missing the consensus estimate of ($0.41) by ($0.27).
ENJY has been the topic of several research analyst reports. Loop Capital cut their target price on Enjoy Technology from $8.00 to $4.00 in a research report on Friday, March 25th. BTIG Research downgraded Enjoy Technology from a “buy” rating to a “neutral” rating in a research note on Thursday. Zacks Investment Research raised Enjoy Technology from a “sell” rating to a “hold” rating in a research note on Thursday, March 24th. The Goldman Sachs Group began coverage on Enjoy Technology in a research note on Friday, January 7th. They set a “neutral” rating and a $6.00 price target on the stock. Finally, Telsey Advisory Group downgraded Enjoy Technology from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $6.00 to $4.00 in a research note on Tuesday. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $6.92.
Several institutional investors have recently modified their holdings of the company. Ghisallo Capital Management LLC purchased a new stake in shares of Enjoy Technology during the fourth quarter valued at approximately $11,050,000. King Street Capital Management LP purchased a new stake in shares of Enjoy Technology during the fourth quarter valued at approximately $31,827,000. First Republic Investment Management Inc. purchased a new stake in shares of Enjoy Technology during the fourth quarter valued at approximately $202,000. Highland Management Partners 9 LLC purchased a new stake in shares of Enjoy Technology during the fourth quarter valued at approximately $15,012,000. Finally, Wolverine Asset Management LLC purchased a new stake in shares of Enjoy Technology during the fourth quarter valued at approximately $34,000. 73.93% of the stock is owned by hedge funds and other institutional investors.
Shares of Enjoy Technology stock traded down $0.20 on Monday, hitting $3.10. 105,094 shares of the company’s stock traded hands, compared to its average volume of 138,750. Enjoy Technology has a one year low of $2.69 and a one year high of $12.16. The firm’s fifty day moving average price is $3.42. The company has a market cap of $372.06 million, a P/E ratio of -2.28 and a beta of 1.44.
Enjoy Technology Company Profile (Get Rating)
Enjoy Technology, Inc operates mobile retail stores in the United States, the United Kingdom, and Canada. The company was founded in 2015 and is headquartered in Palo Alto, California.
Get a free copy of the Zacks research report on Enjoy Technology (ENJY)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Enjoy Technology Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Enjoy Technology and related companies with MarketBeat.com’s FREE daily email newsletter.