Equities analysts expect that Netshoes (CAYMAN) Ltd (NYSE:NETS) will post sales of $120.33 million for the current quarter, according to Zacks. Two analysts have issued estimates for Netshoes (CAYMAN)’s earnings. The highest sales estimate is $123.33 million and the lowest is $117.32 million. Netshoes (CAYMAN) posted sales of $140.35 million in the same quarter last year, which would indicate a negative year over year growth rate of 14.3%. The firm is expected to report its next earnings report on Monday, November 12th.
According to Zacks, analysts expect that Netshoes (CAYMAN) will report full year sales of $518.19 million for the current year, with estimates ranging from $513.15 million to $523.22 million. For the next fiscal year, analysts anticipate that the firm will post sales of $565.22 million, with estimates ranging from $542.58 million to $587.86 million. Zacks’ sales averages are an average based on a survey of analysts that cover Netshoes (CAYMAN).
Netshoes (CAYMAN) (NYSE:NETS) last posted its earnings results on Thursday, August 9th. The company reported ($0.32) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.24) by ($0.08). Netshoes (CAYMAN) had a negative return on equity of 41.68% and a negative net margin of 10.50%. The firm had revenue of $116.66 million for the quarter, compared to analyst estimates of $127.93 million.
NETS has been the subject of a number of research reports. Zacks Investment Research raised Netshoes (CAYMAN) from a “hold” rating to a “buy” rating and set a $2.50 target price for the company in a report on Wednesday, September 12th. ValuEngine raised Netshoes (CAYMAN) from a “hold” rating to a “buy” rating in a report on Monday, July 2nd.
Shares of NETS traded down $0.05 during midday trading on Wednesday, reaching $2.29. 1,500 shares of the stock were exchanged, compared to its average volume of 126,318. Netshoes has a twelve month low of $1.84 and a twelve month high of $12.65. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.54 and a current ratio of 1.25. The company has a market capitalization of $72.60 million, a P/E ratio of -1.27 and a beta of 1.76.
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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