$15.61 Million in Sales Expected for TheStreet, Inc. (TST) This Quarter
Wall Street brokerages expect that TheStreet, Inc. (NASDAQ:TST) will report $15.61 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for TheStreet’s earnings. The lowest sales estimate is $15.5 million and the highest is $15.72 million. TheStreet reported sales of $16.29 million in the same quarter last year, which indicates a negative year over year growth rate of 4.2%. The business is expected to report its next earnings report on Monday, August 7th.
According to Zacks, analysts expect that TheStreet will report full year sales of $15.61 million for the current year, with estimates ranging from $62.6 million to $63.75 million. For the next financial year, analysts forecast that the business will post sales of $66.27 million per share, with estimates ranging from $66.15 million to $66.4 million. Zacks’ sales averages are an average based on a survey of analysts that follow TheStreet.
TheStreet (NASDAQ:TST) last issued its quarterly earnings results on Tuesday, May 9th. The information services provider reported $0.05 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.08. TheStreet had a negative return on equity of 8.41% and a negative net margin of 9.49%. The company had revenue of $15.28 million for the quarter, compared to analysts’ expectations of $15.29 million. During the same quarter last year, the business earned ($0.10) earnings per share.
TST has been the topic of a number of analyst reports. Zacks Investment Research upgraded TheStreet from a “hold” rating to a “buy” rating and set a $0.75 price objective on the stock in a research note on Thursday, March 16th. B. Riley reiterated a “buy” rating and set a $1.90 price objective on shares of TheStreet in a research note on Thursday, March 16th.
Hedge funds have recently added to or reduced their stakes in the stock. B. Riley Financial Inc. bought a new stake in TheStreet during the first quarter worth about $546,000. Cannell Capital LLC raised its stake in TheStreet by 6.3% in the first quarter. Cannell Capital LLC now owns 3,378,347 shares of the information services provider’s stock worth $2,568,000 after buying an additional 200,000 shares during the last quarter. HighTower Advisors LLC raised its stake in TheStreet by 5.6% in the first quarter. HighTower Advisors LLC now owns 3,100,465 shares of the information services provider’s stock worth $2,357,000 after buying an additional 165,053 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in TheStreet by 4.6% in the fourth quarter. Renaissance Technologies LLC now owns 1,718,400 shares of the information services provider’s stock worth $1,461,000 after buying an additional 75,400 shares during the last quarter. Institutional investors own 58.79% of the company’s stock.
TheStreet (NASDAQ:TST) opened at 0.9125 on Friday. TheStreet has a 12 month low of $0.61 and a 12 month high of $1.28. The company has a 50 day moving average price of $0.84 and a 200-day moving average price of $0.84. The company’s market cap is $32.54 million.
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TheStreet, Inc (TheStreet) is a digital financial media company focused on the financial, and mergers and acquisitions environment. The Company’s collection of digital services provides users, subscribers and advertisers with a range of content and tools through a range of online, social media, tablet and mobile channels.
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