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E2open Parent Holdings, Inc. (ETWO) stock has reached a 52-week low, dipping to $2.07, as the company faces a turbulent market environment. According to InvestingPro data, the stock has fallen 48% over the past six months, though analysts see potential upside with price targets ranging from $2.30 to $3.25. This new low underscores a challenging period for the supply chain software company, which has seen its share price struggle under the weight of broader economic pressures. While currently unprofitable, InvestingPro analysis indicates the company is undervalued, with analysts forecasting profitability this year. With earnings expected in 38 days and several more exclusive insights available on InvestingPro, investors are closely monitoring ETWO’s strategic moves and market conditions to gauge potential recovery or further decline.
In other recent news, E2open Parent Holdings Inc reported its third-quarter 2024 earnings, revealing a mixed financial performance. The company recorded earnings per share (EPS) of $0.05, aligning with forecasts, but revenue fell short at $151.7 million, missing the anticipated $161 million. This represents a 3.7% decline in revenue year-over-year. The company also faced a significant net loss due to a $369.1 million non-cash goodwill impairment. Despite this, E2open’s subscription revenue slightly exceeded internal guidance, totaling $132 million. In terms of analyst actions, the company did not receive any specific upgrades or downgrades, but the earnings miss could influence future evaluations. E2open continues to focus on AI integration and global trade management applications, which are expected to drive future growth. The company projects fourth-quarter subscription revenue between $131 million and $134 million, with a full-year 2025 subscription revenue forecast ranging from $526 million to $529 million.
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