Brokerages predict that TheStreet, Inc. (NASDAQ:TST) will post earnings of $0.01 per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for TheStreet’s earnings, with the lowest EPS estimate coming in at $0.00 and the highest estimate coming in at $0.01. TheStreet also posted earnings of $0.01 per share during the same quarter last year. The firm is scheduled to announce its next quarterly earnings report on Tuesday, August 7th.
According to Zacks, analysts expect that TheStreet will report full-year earnings of $0.01 per share for the current financial year, with EPS estimates ranging from $0.00 to $0.02. For the next fiscal year, analysts anticipate that the business will report earnings of $0.03 per share, with EPS estimates ranging from $0.01 to $0.05. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover TheStreet.
TheStreet (NASDAQ:TST) last announced its earnings results on Monday, March 5th. The information services provider reported $0.08 EPS for the quarter, topping the consensus estimate of $0.01 by $0.07. The firm had revenue of $15.98 million for the quarter, compared to the consensus estimate of $16.19 million. TheStreet had a net margin of 4.96% and a return on equity of 8.34%.
A number of analysts have recently issued reports on TST shares. B. Riley reiterated a “buy” rating and issued a $3.00 price objective on shares of TheStreet in a report on Friday, March 2nd. ValuEngine upgraded shares of TheStreet from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Finally, Zacks Investment Research upgraded shares of TheStreet from a “hold” rating to a “strong-buy” rating and set a $1.50 price objective on the stock in a report on Friday, March 9th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $2.63.
TheStreet opened at $1.80 on Thursday, according to Marketbeat.com. TheStreet has a 12-month low of $1.84 and a 12-month high of $1.87. The company has a market capitalization of $90.11 million, a PE ratio of 22.50 and a beta of 0.46.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Deutsche Bank AG raised its holdings in shares of TheStreet by 48.4% in the fourth quarter. Deutsche Bank AG now owns 185,036 shares of the information services provider’s stock valued at $268,000 after purchasing an additional 60,336 shares during the last quarter. Spark Investment Management LLC raised its holdings in shares of TheStreet by 244.4% in the first quarter. Spark Investment Management LLC now owns 91,600 shares of the information services provider’s stock valued at $163,000 after purchasing an additional 65,000 shares during the last quarter. Cannell Capital LLC increased its holdings in TheStreet by 3.3% during the first quarter. Cannell Capital LLC now owns 2,794,999 shares of the information services provider’s stock worth $5,003,000 after buying an additional 88,252 shares during the last quarter. Millennium Management LLC acquired a new position in TheStreet during the first quarter worth $290,000. Finally, Renaissance Technologies LLC increased its holdings in TheStreet by 12.7% during the fourth quarter. Renaissance Technologies LLC now owns 2,316,393 shares of the information services provider’s stock worth $3,359,000 after buying an additional 261,593 shares during the last quarter. Institutional investors own 44.10% of the company’s stock.
TheStreet Company Profile
TheStreet, Inc, a financial news and information provider, provides business to business (B2B) and business to consumer (B2C) content and products worldwide. The company operates through three segments: TheDeal/BoardEx, RateWatch, and Business to Consumer. Its B2B products include The Deal, a digital subscription model that delivers coverage primarily to institutional investors on changes in corporate control comprising merges and acquisitions, private equity, corporate activism, and restructuring; and BoardEx, an institutional relationship capital management database and platform, which holds profiles of approximately 1 million business leaders.
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