Tuesday Morning Corp. (TUES) Issues Quarterly Earnings Results
Tuesday Morning Corp. (NASDAQ:TUES) posted its quarterly earnings data on Thursday. The company reported ($0.28) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.20) by ($0.08), Briefing.com reports. The firm had revenue of $218.76 million during the quarter, compared to analysts’ expectations of $216.39 million. Tuesday Morning Corp. had a negative net margin of 3.37% and a negative return on equity of 15.09%. The company’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the business posted ($0.20) EPS.
Several equities research analysts have commented on TUES shares. Zacks Investment Research upgraded shares of Tuesday Morning Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. B. Riley reiterated a “neutral” rating and issued a $2.40 price objective (down previously from $2.60) on shares of Tuesday Morning Corp. in a research note on Friday, August 25th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. The company has a consensus rating of “Hold” and an average price target of $2.90.
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Tuesday Morning Corp. Company Profile
Tuesday Morning Corporation is an off-price retailer. The Company specializes in selling discounted, upscale decorative home accessories, housewares, seasonal goods and famous-maker gifts. The Company operated 751 stores in 40 states in the United States, as of June 30, 2016. The Company offers products in a range of categories, such as home decor, furniture, bed and bath, kitchen, toys, crafts, pets and seasonal goods.
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