Sotheby’s (NYSE:BID) will be posting its quarterly earnings results before the market opens on Thursday, August 3rd. Analysts expect Sotheby’s to post earnings of $1.38 per share for the quarter.

Sotheby’s (NYSE:BID) last issued its quarterly earnings data on Wednesday, May 10th. The specialty retailer reported ($0.21) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.38) by $0.17. Sotheby’s had a return on equity of 20.73% and a net margin of 10.00%. The business had revenue of $187.50 million during the quarter, compared to analysts’ expectations of $111.66 million. During the same period in the previous year, the firm posted ($0.35) earnings per share. The company’s revenue was up 76.1% on a year-over-year basis. On average, analysts expect Sotheby’s to post $2.06 EPS for the current fiscal year and $2.68 EPS for the next fiscal year.

Shares of Sotheby’s (NYSE:BID) opened at 57.04 on Thursday. The stock has a 50 day moving average price of $54.05 and a 200-day moving average price of $47.62. The firm has a market capitalization of $3.00 billion, a PE ratio of 35.78 and a beta of 1.80. Sotheby’s has a 52 week low of $31.14 and a 52 week high of $57.67.

Several analysts have recently weighed in on the company. Zacks Investment Research downgraded Sotheby’s from a “buy” rating to a “hold” rating in a research note on Friday, July 21st. TheStreet cut shares of Sotheby’s from a “b-” rating to a “c” rating in a research report on Wednesday, May 10th. Finally, Sidoti reaffirmed a “buy” rating and set a $62.00 price target (up previously from $59.00) on shares of Sotheby’s in a research report on Friday, July 21st.

TRADEMARK VIOLATION WARNING: This report was originally published by American Banking News and is owned by of American Banking News. If you are reading this report on another site, it was illegally stolen and republished in violation of United States and international copyright laws. The original version of this report can be read at https://www.americanbankingnews.com/2017/07/27/sothebys-nysebid-set-to-announce-earnings-on-thursday.html.

About Sotheby’s

Sotheby’s is a global art business company. The Company is engaged in offering its clients opportunities to connect with and transact in a range of objects. The Company offers a range of art-related services, including the brokerage of private art sales, private jewelry sales through Sotheby’s Diamonds, private selling exhibitions at its galleries, art-related financing, and art advisory services, as well as retail wine locations in New York and Hong Kong.

Earnings History for Sotheby`s (NYSE:BID)

Receive News & Ratings for Sotheby's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sotheby's and related companies with MarketBeat.com's FREE daily email newsletter.