Analysts Expect DAVIDsTEA Inc. (DTEA) Will Announce Earnings of -$0.15 Per Share
Analysts expect DAVIDsTEA Inc. (NASDAQ:DTEA) to report ($0.15) earnings per share (EPS) for the current quarter, according to Zacks. Zero analysts have issued estimates for DAVIDsTEA’s earnings. DAVIDsTEA reported earnings per share of ($0.07) in the same quarter last year, which indicates a negative year over year growth rate of 114.3%. The company is scheduled to announce its next quarterly earnings results on Thursday, December 14th.
On average, analysts expect that DAVIDsTEA will report full-year earnings of $0.05 per share for the current fiscal year. For the next fiscal year, analysts expect that the business will report earnings of $0.04 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that follow DAVIDsTEA.
DAVIDsTEA (NASDAQ:DTEA) last released its quarterly earnings results on Thursday, September 7th. The company reported ($0.12) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.02. The business had revenue of $45.70 million during the quarter, compared to analyst estimates of $44.32 million. DAVIDsTEA had a negative net margin of 3.98% and a positive return on equity of 1.51%. The company’s quarterly revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.09) earnings per share.
Separately, Zacks Investment Research cut DAVIDsTEA from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Three investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. DAVIDsTEA presently has an average rating of “Hold” and an average target price of $6.42.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. FMR LLC lifted its stake in DAVIDsTEA by 3.0% in the first quarter. FMR LLC now owns 3,101,945 shares of the company’s stock valued at $22,800,000 after buying an additional 89,917 shares during the last quarter. EdgePoint Investment Group Inc. purchased a new stake in DAVIDsTEA in the second quarter valued at approximately $7,156,000. Vivaldi Asset Management LLC purchased a new stake in DAVIDsTEA in the second quarter valued at approximately $5,383,000. Finally, PEAK6 Investments L.P. purchased a new stake in DAVIDsTEA in the first quarter valued at approximately $207,000. Institutional investors own 16.84% of the company’s stock.
Shares of DAVIDsTEA (NASDAQ DTEA) remained flat at $4.25 during trading on Monday. 1,635 shares of the company traded hands. DAVIDsTEA has a 52 week low of $4.05 and a 52 week high of $12.81. The firm’s 50-day moving average price is $4.53 and its 200-day moving average price is $4.53.
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DAVIDsTEA Inc is engaged in the retail and online sale of tea, tea accessories, and food and beverages in Canada and in the United States. The Company’s segments include Canada and the U.S. The Company is a branded retailer of specialty tea, offering approximately 150 loose-leaf teas, pre-packaged teas, tea sachets and tea-related gifts, accessories, and food and beverages primarily through approximately 190 DAVIDsTEA stores, which are operated by the Company, and its Website, davidstea.com.
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