Overstock.com (OSTK) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS
Overstock.com (NASDAQ:OSTK) released its earnings data on Thursday. The company reported $0.14 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.15 by $0.01, American Banking News.com reports. The company had revenue of $301.40 million for the quarter, compared to the consensus estimate of $301.29 million. Overstock.com’s revenue was up 18.0% compared to the same quarter last year.
Overstock.com (NASDAQ:OSTK) opened at 29.33 on Thursday. Overstock.com has a 1-year low of $10.42 and a 1-year high of $35.60. The stock has a 50-day moving average of $28.96 and a 200-day moving average of $26.44. The company has a market cap of $696.6 million and a price-to-earnings ratio of 31.00.
On the ratings front, analysts at Zacks upgraded shares of Overstock.com from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, September 17th. They now have a $29.30 price target on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $29.30.
Overstock.com, Inc (NASDAQ:OSTK) is an online retailer offering discount brand name, non-brand name and closeout merchandise, including bed-and-bath goods, home decor, kitchenware, furniture, watches and jewelry, apparel, electronics and computers, sporting goods, and designer accessories, among other products.
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