Brokerages Expect Overstock.com Inc (NASDAQ:OSTK) to Post -$0.38 Earnings Per Share

Share on StockTwits

Brokerages expect Overstock.com Inc (NASDAQ:OSTK) to announce ($0.38) earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Overstock.com’s earnings. Overstock.com reported earnings of ($1.15) per share in the same quarter last year, which suggests a positive year-over-year growth rate of 67%. The business is expected to report its next earnings report on Monday, March 16th.

According to Zacks, analysts expect that Overstock.com will report full-year earnings of ($2.84) per share for the current financial year. For the next fiscal year, analysts forecast that the firm will post earnings of ($1.08) per share. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for Overstock.com.

Overstock.com (NASDAQ:OSTK) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.87) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.62) by ($0.25). Overstock.com had a negative net margin of 8.90% and a negative return on equity of 65.78%. The business had revenue of $347.10 million for the quarter, compared to analysts’ expectations of $376.21 million. During the same quarter in the previous year, the company earned ($1.55) earnings per share. The business’s quarterly revenue was down 21.2% on a year-over-year basis.

A number of equities analysts have commented on the company. Maxim Group set a $40.00 price target on Overstock.com and gave the stock a “buy” rating in a research note on Monday, August 26th. Zacks Investment Research raised Overstock.com from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Wednesday, October 30th. ValuEngine upgraded shares of Overstock.com from a “hold” rating to a “buy” rating in a report on Saturday, August 10th. DA Davidson cut their target price on shares of Overstock.com from $48.00 to $25.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. Finally, BidaskClub downgraded shares of Overstock.com from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 14th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $25.67.

In related news, major shareholder Patrick Michael Byrne sold 1,056,690 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $16.32, for a total value of $17,245,180.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 19.40% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Advisor Group Inc. lifted its position in shares of Overstock.com by 22.1% in the 2nd quarter. Advisor Group Inc. now owns 4,162 shares of the company’s stock worth $56,000 after purchasing an additional 754 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Overstock.com by 78.6% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,655 shares of the company’s stock worth $50,000 after buying an additional 1,608 shares during the period. Captrust Financial Advisors purchased a new stake in Overstock.com in the second quarter worth about $41,000. TRUE Private Wealth Advisors bought a new stake in Overstock.com during the 2nd quarter valued at approximately $44,000. Finally, Swiss National Bank boosted its position in Overstock.com by 8.6% during the 2nd quarter. Swiss National Bank now owns 47,800 shares of the company’s stock valued at $650,000 after acquiring an additional 3,800 shares in the last quarter. Institutional investors own 49.66% of the company’s stock.

OSTK stock traded up $0.01 during trading on Friday, hitting $7.50. 10,490 shares of the company traded hands, compared to its average volume of 1,674,926. The firm has a market capitalization of $267.54 million, a PE ratio of -1.22 and a beta of 2.24. Overstock.com has a 1 year low of $7.25 and a 1 year high of $29.75. The company has a 50-day moving average of $9.40 and a 200-day moving average of $13.74. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.68 and a current ratio of 0.72.

About Overstock.com

Overstock.com, Inc operates as an online retailer in the United States and internationally. It operates through Retail and tZERO segments. The company offers furniture; and home d├ęcor, including rugs, bedding and bath, home improvement, kitchen items, and other related products. It also operates Worldstock Fair Trade, a store that provides handcrafted products; Pet Adoptions, a free service and portal to display pets available for adoption; and Overstock Hotels, a portal that enables customers to search and book properties within its Website.

Featured Story: How Short Selling Works

Get a free copy of the Zacks research report on Overstock.com (OSTK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Overstock.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Overstock.com and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.