News stories about Tesco (NASDAQ:TESO) have been trending somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tesco earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned press coverage about the oil and gas company an impact score of 44.8459426617725 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- Tesco, Marks and Spencer and Poundland are urgently recalling these products amid safety fears (bristolpost.co.uk)
- John Lewis, Tesco and M&S are urgently recalling these products (nottinghampost.com)
- Major shake-up of Tesco Clubcard rewards scheme (moneysavingexpert.com)
- Tesco revamps Clubcard rewards scheme (theguardian.com)
- M&S, John Lewis and Tesco make urgent recalls on items (leicestermercury.co.uk)
Several equities analysts have recently issued reports on the stock. B. Riley reaffirmed a “hold” rating on shares of Tesco in a research report on Friday, December 22nd. Goldman Sachs Group raised shares of Tesco from a “neutral” rating to a “buy” rating in a research report on Monday, December 4th. Zacks Investment Research raised shares of Tesco from a “sell” rating to a “hold” rating in a research report on Thursday, November 30th. Finally, Cowen set a $5.00 price objective on shares of Tesco and gave the company a “hold” rating in a research report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $6.00.
Tesco (NASDAQ:TESO) last announced its quarterly earnings results on Tuesday, November 7th. The oil and gas company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.21) by $0.01. The business had revenue of $40.50 million for the quarter, compared to analysts’ expectations of $43.24 million. Tesco had a negative net margin of 38.60% and a negative return on equity of 16.27%. The business’s quarterly revenue was up 33.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.37) EPS. equities research analysts predict that Tesco will post -0.94 EPS for the current fiscal year.
In related news, CEO Fernando Rafael Assing sold 9,293 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $3.80, for a total transaction of $35,313.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 40,633 shares of company stock worth $161,340 over the last 90 days. Corporate insiders own 1.70% of the company’s stock.
Tesco Company Profile
Tesco Corporation is a provider of technology-based solutions for drilling, servicing and completion of wells for the upstream energy industry. The Company’s operations consist of top drives and automated pipe handling equipment sales and rentals; aftermarket sales and services, and tubular services, including related products and accessories sales.
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