EVINE Live Inc. (EVLV) Expected to Announce Earnings of -$0.03 Per Share
Wall Street brokerages predict that EVINE Live Inc. (NASDAQ:EVLV) will post earnings of ($0.03) per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for EVINE Live’s earnings. EVINE Live reported earnings of ($0.05) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 40%. The business is scheduled to report its next earnings results on Tuesday, November 28th.
According to Zacks, analysts expect that EVINE Live will report full year earnings of ($0.02) per share for the current financial year, with EPS estimates ranging from ($0.04) to $0.02. For the next financial year, analysts anticipate that the company will post earnings of $0.08 per share, with EPS estimates ranging from $0.07 to $0.09. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that that provide coverage for EVINE Live.
EVINE Live (NASDAQ:EVLV) last posted its earnings results on Wednesday, August 23rd. The company reported ($0.03) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.03). EVINE Live had a negative net margin of 1.08% and a negative return on equity of 8.38%. The firm had revenue of $148.95 million during the quarter, compared to the consensus estimate of $150.75 million. During the same period last year, the firm posted ($0.03) EPS. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis.
A number of analysts have commented on EVLV shares. DA Davidson started coverage on shares of EVINE Live in a research note on Friday, September 22nd. They set a “buy” rating and a $1.30 price objective for the company. ValuEngine downgraded EVINE Live from a “sell” rating to a “strong sell” rating in a report on Thursday, September 7th. B. Riley reiterated a “buy” rating and issued a $2.00 target price on shares of EVINE Live in a report on Wednesday, August 16th. Finally, Zacks Investment Research downgraded EVINE Live from a “hold” rating to a “sell” rating in a report on Monday, September 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $2.10.
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EVINE Live (NASDAQ:EVLV) remained flat at $1.15 during trading on Tuesday. 39,203 shares of the stock were exchanged. The firm’s market cap is $75.01 million. EVINE Live has a one year low of $0.89 and a one year high of $2.25. The company’s 50 day moving average price is $1.08 and its 200-day moving average price is $1.12.
Several institutional investors and hedge funds have recently modified their holdings of EVLV. Goldman Sachs Group Inc. increased its holdings in shares of EVINE Live by 71.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 236,762 shares of the company’s stock valued at $237,000 after purchasing an additional 98,744 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in shares of EVINE Live in the 1st quarter valued at about $327,000. Royce & Associates LP increased its holdings in shares of EVINE Live by 26.7% in the 2nd quarter. Royce & Associates LP now owns 666,393 shares of the company’s stock valued at $666,000 after purchasing an additional 140,400 shares during the period. Renaissance Technologies LLC increased its holdings in shares of EVINE Live by 7.0% in the 1st quarter. Renaissance Technologies LLC now owns 1,164,056 shares of the company’s stock valued at $1,490,000 after purchasing an additional 76,100 shares during the period. Finally, Private Capital Advisors Inc. acquired a new position in shares of EVINE Live in the 2nd quarter valued at about $2,688,000. Institutional investors own 34.16% of the company’s stock.
EVINE Live Company Profile
EVINE Live Inc is a digital commerce company. The Company operates through the digital commerce retailing segment. The Company offers a mix of brands directly to consumers in an engaging and informative shopping experience through television (TV), online and mobile devices. It operates an around the clock television shopping network, EVINE Live, which is distributed primarily on cable and satellite systems, through which the Company offers brand products in the categories of jewelry and watches, home and consumer electronics, beauty, and fashion and accessories.
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