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RumbleOn's Upcoming Earnings: Analyst Expectations Ahead

RumbleOn set to release quarterly earnings on March 11. Analysts anticipate revenue of $284M and earnings of -$0.32 per share. This impending report could significantly impact stock sentiment moving forward.

Date: 
AI Rating:   4

Earnings Per Share (EPS)
Analysts predict earnings of -$0.32 for RumbleOn, indicating a negative outlook. A negative EPS suggests that the company is incurring losses, which could lead to a decrease in stock prices as investors may react unfavorably to sustained losses.

Revenue Growth
The expected revenue is $284,001,323. While this figure represents potential growth opportunities, context on past revenues is necessary to fully assess growth. If actual revenue falls short, it could negatively impact investor sentiment.

Insider Trading Activity
Recent insider trading shows purchase activity, notably by Mark Alexander Cohen, who purchased 349,333 shares, signifying confidence in the company's future. However, the single buy does not strongly indicate a trend; nonetheless, it may provide some positive sentiment to investors.

Hedge Fund Activity
There is a mixed sentiment from hedge funds with 43 institutional investors adding shares, while 22 decreased their positions. The addition of shares by significant players like Stone House Capital Management and Vanguard suggests some optimism about the company’s prospects amongst some institutional investors, potentially leading to a slight uptick in stock price. However, the concurrent decrease in positions from other hedge funds indicates a lack of consensus, which could also weigh on the stock.

Government Contracts
RumbleOn received $16,266 in government contract payments over the past year, which is relatively minimal. This lack of substantial government business suggests limited revenue streams from this avenue, which could hinder long-term growth.