Here's Why E2open Parent Holdings Stock Soared Higher Today [Yahoo! Finance]
E2open Parent Holdings, Inc.Class A (ETWO)
Company Research
Source: Yahoo! Finance
The S&P 500 was down a sharp 1.1%. In contrast, E2open stock was up a whopping 16% as of 3 p.m. ET. E2open beat really low expectations E2open offers cloud-based software as a service (SaaS) for managing supply chains , which would seem to be an in-demand product given the broad supply chain volatility in recent years. However, the company's total Q4 revenue of $159 million was down almost 5% year over year. Investors may have been optimistic nevertheless because E2open earned adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $220 million in its fiscal 2024. Considering it has an enterprise value (EV) of about $2.3 billion as of this writing, it trades at a downright cheap EV-to-EBITDA ratio of about 10. The cheap valuation suggests that expectations from investors were low going into E2open's earnings report. But even though revenue was down, investors were pleased relative to their low expectations. Is E2open a turnaround candidate? Loo
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News
- E2open Announces Connect Europe 2024 Client Award WinnersBusiness Wire
- E2open Parent Holdings, Inc. (NYSE:ETWO) Shares Could Be 25% Above Their Intrinsic Value Estimate [Yahoo! Finance]Yahoo! Finance
- E2open Parent Holdings Is Righting The Ship, And May Be A Buyout Target [Seeking Alpha]Seeking Alpha
- E2open Parent Holdings, Inc. (ETWO) Surpasses Q4 Earnings and Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- E2open Announces Fiscal 2024 Fourth Quarter and Full Year Financial Results [Yahoo! Finance]Yahoo! Finance
ETWO
Earnings
- 4/29/24 - Beat
ETWO
Sec Filings
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- ETWO's page on the SEC website