Tuesday Morning Corp. (TUES) Releases Quarterly Earnings Results, Misses Estimates By $0.16 EPS
Tuesday Morning Corp. (NASDAQ:TUES) posted its quarterly earnings results on Wednesday. The company reported ($0.23) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.07) by $0.16, Analyst Ratings Network.com reports. The company had revenue of $183.70 million for the quarter, compared to the consensus estimate of $177.80 million. During the same quarter last year, the company posted ($0.15) earnings per share. Tuesday Morning Corp.’s revenue was up 6.3% compared to the same quarter last year.
TUES has been the subject of a number of recent research reports. Analysts at Thomson Reuters/Verus upgraded shares of Tuesday Morning Corp. from a “sell” rating to a “hold” rating in a research note to investors on Monday, September 23rd. On a related note, analysts at Zacks downgraded shares of Tuesday Morning Corp. to a “neutral” rating in a research note to investors on Friday, September 13th. They now have a $14.40 price target on the stock.
Tuesday Morning Corp. (NASDAQ:TUES) traded down 3.87% during mid-day trading on Wednesday, hitting $14.14. 503,489 shares of the company’s stock traded hands. Tuesday Morning Corp. has a one year low of $4.82 and a one year high of $14.39. The stock has a 50-day moving average of $12.15 and a 200-day moving average of $9.77. The company’s market cap is $601.3 million.
Tuesday Morning Corporation is a closeout retailer of upscale decorative home accessories, housewares, and famous-maker gifts in the United States.
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