Brokerages expect PFSweb, Inc. (NASDAQ:PFSW) to announce sales of $78.19 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for PFSweb’s earnings, with the lowest sales estimate coming in at $76.66 million and the highest estimate coming in at $79.98 million. PFSweb posted sales of $79.91 million in the same quarter last year, which would indicate a negative year over year growth rate of 2.2%. The company is expected to issue its next quarterly earnings report on Wednesday, November 8th.
According to Zacks, analysts expect that PFSweb will report full-year sales of $78.19 million for the current fiscal year, with estimates ranging from $335.67 million to $342.64 million. For the next fiscal year, analysts forecast that the firm will report sales of $358.67 million per share, with estimates ranging from $356.24 million to $362.86 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover PFSweb.
PFSweb (NASDAQ:PFSW) last released its earnings results on Monday, August 7th. The business services provider reported ($0.03) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.03). The firm had revenue of $78.07 million during the quarter, compared to analyst estimates of $77.13 million. PFSweb had a negative return on equity of 1.71% and a negative net margin of 3.55%.
Several analysts recently issued reports on PFSW shares. B. Riley reiterated a “buy” rating and set a $13.00 price objective on shares of PFSweb in a report on Monday, August 14th. Northland Securities restated a “buy” rating and set a $11.00 target price on shares of PFSweb in a report on Thursday, August 10th. Canaccord Genuity restated a “buy” rating and set a $12.00 target price on shares of PFSweb in a report on Monday, October 2nd. Finally, Zacks Investment Research lowered PFSweb from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 26th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $11.20.
Institutional investors and hedge funds have recently made changes to their positions in the company. Engine Capital Management LLC boosted its holdings in shares of PFSweb by 8.4% in the 2nd quarter. Engine Capital Management LLC now owns 912,690 shares of the business services provider’s stock worth $7,539,000 after acquiring an additional 70,935 shares in the last quarter. Dimensional Fund Advisors LP raised its position in PFSweb by 3.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 549,055 shares of the business services provider’s stock worth $3,585,000 after purchasing an additional 15,789 shares during the last quarter. LMR Partners LLP bought a new position in PFSweb in the 2nd quarter worth approximately $309,000. Kennedy Capital Management Inc. raised its position in PFSweb by 105.3% in the 1st quarter. Kennedy Capital Management Inc. now owns 68,460 shares of the business services provider’s stock worth $447,000 after purchasing an additional 35,118 shares during the last quarter. Finally, Teachers Advisors LLC raised its position in PFSweb by 68.6% in the 4th quarter. Teachers Advisors LLC now owns 35,682 shares of the business services provider’s stock worth $303,000 after purchasing an additional 14,524 shares during the last quarter. 57.48% of the stock is currently owned by institutional investors and hedge funds.
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PFSweb Company Profile
PFSWEB, Inc is a global provider of omni-channel commerce solutions, including a range of technology, infrastructure and professional services. The Company’s service offerings include Website design, creation and integration, digital agency and marketing, e-commerce technologies, order management, customer care, logistics and fulfillment, financial management and professional consulting.
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