DAVIDsTEA Inc. (DTEA) Expected to Post Earnings of -$0.15 Per Share
Equities analysts forecast that DAVIDsTEA Inc. (NASDAQ:DTEA) will announce earnings per share of ($0.15) for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for DAVIDsTEA’s earnings. DAVIDsTEA posted earnings of ($0.07) per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 114.3%. The business is expected to announce its next quarterly earnings report 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 forecast that the firm will post earnings of $0.04 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for DAVIDsTEA.
DAVIDsTEA (NASDAQ:DTEA) last announced its quarterly earnings results on Thursday, September 7th. The company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.02. DAVIDsTEA had a negative net margin of 3.98% and a positive return on equity of 1.51%. The firm had revenue of $45.70 million during the quarter, compared to analysts’ expectations of $44.32 million. During the same period in the previous year, the company earned ($0.09) earnings per share. DAVIDsTEA’s quarterly revenue was up 11.2% compared to the same quarter last year.
Separately, Zacks Investment Research raised shares of DAVIDsTEA from a “hold” rating to a “buy” rating and set a $5.75 price target for the company in a research report on Friday, July 21st. Three investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $6.42.
Shares of DAVIDsTEA (NASDAQ:DTEA) opened at $4.18 on Friday. DAVIDsTEA has a 1 year low of $4.00 and a 1 year high of $10.95. The firm has a market cap of $120.31, a price-to-earnings ratio of 59.64 and a beta of 0.81.
Several large investors have recently made changes to their positions in DTEA. Vivaldi Asset Management LLC purchased a new stake in shares of DAVIDsTEA in the second quarter valued at about $5,383,000. EdgePoint Investment Group Inc. purchased a new stake in shares of DAVIDsTEA in the second quarter valued at about $7,156,000. Finally, FMR LLC increased its stake in shares of DAVIDsTEA by 3.0% during the first quarter. FMR LLC now owns 3,101,945 shares of the company’s stock worth $22,800,000 after acquiring an additional 89,917 shares during the period. 16.84% of the stock is owned by institutional investors and hedge funds.
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DAVIDsTEA Company Profile
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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