The Wet Seal (WTSL) Set to Announce Quarterly Earnings on Tuesday
The Wet Seal (NASDAQ:WTSL) is scheduled to issue its Q114 quarterly earnings data on Tuesday, May 27th. Analysts expect the company to announce earnings of ($0.18) per share and revenue of $117.40 million for the quarter.
The Wet Seal (NASDAQ:WTSL) last issued its quarterly earnings data on Thursday, March 20th. The company reported ($0.23) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.24) by $0.01. The company had revenue of $124.80 million for the quarter, compared to the consensus estimate of $134.74 million. During the same quarter in the prior year, the company posted ($0.06) earnings per share. On average, analysts expect The Wet Seal to post $-0.30 EPS for the current fiscal year and $-0.02 EPS for the next fiscal year.
Shares of The Wet Seal (NASDAQ:WTSL) opened at 0.9532 on Monday. The Wet Seal has a 52-week low of $0.87 and a 52-week high of $5.20. The stock’s 50-day moving average is $1.10 and its 200-day moving average is $2.05. The company’s market cap is $80.7 million.
A number of analysts have recently weighed in on WTSL shares. Analysts at Zacks reiterated a “neutral” rating on shares of The Wet Seal in a research note on Tuesday, April 29th. They now have a $1.25 price target on the stock. On the ratings front, analysts at B. Riley downgraded shares of The Wet Seal from a “neutral” rating to a “sell” rating in a research note on Monday, March 24th. They now have a $0.50 price target on the stock, down previously from $2.10. Finally, analysts at Brean Capital cut their price target on shares of The Wet Seal from $3.00 to $2.00 in a research note on Friday, March 21st. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $2.19.
The Wet Seal, Inc is a specialty retailer operating stores selling apparel and accessory items designed for female customers aged 15 to 39 years old.
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