Q2 2018 Earnings Forecast for Netshoes (CAYMAN) Ltd (NETS) Issued By Jefferies Group

Netshoes (CAYMAN) Ltd (NYSE:NETS) – Jefferies Group cut their Q2 2018 earnings estimates for Netshoes (CAYMAN) in a research report issued on Wednesday, May 16th. Jefferies Group analyst B. Fitzgerald now forecasts that the company will post earnings of ($0.25) per share for the quarter, down from their prior forecast of ($0.18). Jefferies Group also issued estimates for Netshoes (CAYMAN)’s Q3 2018 earnings at ($0.44) EPS, Q4 2018 earnings at ($0.24) EPS, FY2018 earnings at ($1.51) EPS and FY2019 earnings at ($1.36) EPS.

A number of other research firms also recently commented on NETS. Goldman Sachs downgraded shares of Netshoes (CAYMAN) from a “buy” rating to a “neutral” rating in a research report on Friday, January 19th. ValuEngine upgraded shares of Netshoes (CAYMAN) from a “sell” rating to a “hold” rating in a research report on Monday, April 2nd. Zacks Investment Research downgraded shares of Netshoes (CAYMAN) from a “hold” rating to a “sell” rating in a research report on Friday, April 6th. Finally, JPMorgan Chase downgraded shares of Netshoes (CAYMAN) from an “overweight” rating to an “underweight” rating in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Sell” and an average target price of $22.00.

NETS stock opened at $2.34 on Friday. Netshoes has a 52 week low of $2.35 and a 52 week high of $2.88. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.36 and a quick ratio of 0.82.

Netshoes (CAYMAN) (NYSE:NETS) last released its quarterly earnings results on Wednesday, March 28th. The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.22). Netshoes (CAYMAN) had a negative return on equity of 36.94% and a negative net margin of 10.20%. The company had revenue of $159.99 million for the quarter, compared to the consensus estimate of $183.95 million.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Sands Capital Management LLC grew its stake in shares of Netshoes (CAYMAN) by 6.8% in the 4th quarter. Sands Capital Management LLC now owns 1,279,725 shares of the company’s stock worth $10,110,000 after purchasing an additional 81,400 shares during the last quarter. Hudson Bay Capital Management LP grew its stake in shares of Netshoes (CAYMAN) by 309.3% in the 4th quarter. Hudson Bay Capital Management LP now owns 197,778 shares of the company’s stock worth $1,562,000 after purchasing an additional 149,459 shares during the last quarter. Finally, JPMorgan Chase & Co. acquired a new position in shares of Netshoes (CAYMAN) in the 3rd quarter worth approximately $108,000. 61.70% of the stock is currently owned by institutional investors.

Netshoes (CAYMAN) Company Profile

Netshoes (Cayman) Limited, through its subsidiaries, operates as a sports and lifestyle online retailer in Brazil and internationally. It offers various products, including athletic shoes, jerseys, apparels, accessories, and sporting equipment of international, local, and private brands, as well as fashion primarily under the Netshoes and Zattini brands.

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