Analysts Expect EVINE Live Inc (EVLV) to Announce $0.10 Earnings Per Share

Equities analysts predict that EVINE Live Inc (NASDAQ:EVLV) will report $0.10 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for EVINE Live’s earnings, with the highest EPS estimate coming in at $0.13 and the lowest estimate coming in at $0.07. EVINE Live posted earnings of $0.03 per share during the same quarter last year, which would indicate a positive year over year growth rate of 233.3%. The business is scheduled to announce its next earnings report on Wednesday, March 28th.

According to Zacks, analysts expect that EVINE Live will report full-year earnings of $0.01 per share for the current financial year, with EPS estimates ranging from ($0.03) to $0.03. For the next year, analysts expect that the firm will report earnings of $0.10 per share, with EPS estimates ranging from $0.07 to $0.12. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that follow EVINE Live.

EVINE Live (NASDAQ:EVLV) last posted its quarterly earnings data on Tuesday, November 21st. The company reported ($0.02) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. EVINE Live had a negative net margin of 0.66% and a negative return on equity of 5.30%. The business had revenue of $150.20 million during the quarter, compared to analysts’ expectations of $154.80 million. During the same quarter in the prior year, the business posted ($0.06) earnings per share. EVINE Live’s revenue was down .9% compared to the same quarter last year.

Several equities research analysts recently weighed in on the stock. B. Riley set a $2.00 price objective on shares of EVINE Live and gave the stock a “buy” rating in a research report on Thursday, October 19th. ValuEngine raised shares of EVINE Live from a “strong sell” rating to a “sell” rating in a research report on Friday, December 1st. Finally, Zacks Investment Research raised shares of EVINE Live from a “hold” rating to a “buy” rating and set a $1.50 price objective for the company in a research report on Thursday, November 23rd. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $1.95.

In other EVINE Live news, Director Mark Holdsworth bought 75,000 shares of the stock in a transaction on Thursday, December 14th. The stock was purchased at an average price of $1.50 per share, with a total value of $112,500.00. Following the completion of the purchase, the director now owns 266,092 shares in the company, valued at $399,138. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Robert Rosenblatt bought 33,400 shares of the stock in a transaction on Thursday, December 7th. The shares were acquired at an average cost of $1.48 per share, with a total value of $49,432.00. Following the purchase, the chief executive officer now owns 1,169,284 shares of the company’s stock, valued at approximately $1,730,540.32. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 124,400 shares of company stock valued at $185,372. Insiders own 4.15% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Macquarie Group Ltd. acquired a new position in EVINE Live during the third quarter worth about $251,000. Teton Advisors Inc. increased its stake in shares of EVINE Live by 13.5% in the fourth quarter. Teton Advisors Inc. now owns 419,200 shares of the company’s stock valued at $587,000 after buying an additional 50,000 shares during the period. Acadian Asset Management LLC acquired a new position in shares of EVINE Live in the fourth quarter valued at approximately $112,000. Goldman Sachs Group Inc. increased its stake in shares of EVINE Live by 71.5% in the second quarter. Goldman Sachs Group Inc. now owns 236,762 shares of the company’s stock valued at $237,000 after buying an additional 98,744 shares during the period. Finally, Deutsche Bank AG acquired a new position in shares of EVINE Live in the fourth quarter valued at approximately $249,000. 34.66% of the stock is owned by hedge funds and other institutional investors.

Shares of EVINE Live (NASDAQ:EVLV) opened at $1.16 on Thursday. EVINE Live has a 52-week low of $0.89 and a 52-week high of $1.62. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.13 and a current ratio of 1.90. The firm has a market cap of $75.05, a PE ratio of -16.57, a P/E/G ratio of 3.97 and a beta of 2.78.

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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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Earnings History and Estimates for EVINE Live (NASDAQ:EVLV)

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