Headlines about Tesco (NASDAQ:TESO) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Tesco earned a news impact score of 0.20 on Accern’s scale. Accern also assigned news headlines about the oil and gas company an impact score of 45.9780686491115 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
Tesco (TESO) opened at $4.35 on Tuesday. Tesco has a 52-week low of $3.60 and a 52-week high of $9.65.
Tesco (NASDAQ:TESO) last posted its earnings results on Tuesday, November 7th. The oil and gas company reported ($0.20) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.21) by $0.01. Tesco had a negative return on equity of 16.27% and a negative net margin of 38.60%. The business had revenue of $40.50 million during the quarter, compared to analysts’ expectations of $43.24 million. During the same period in the previous year, the business earned ($0.37) earnings per share. The firm’s revenue was up 33.2% on a year-over-year basis. research analysts anticipate that Tesco will post -0.92 EPS for the current year.
Several brokerages have recently weighed in on TESO. B. Riley reiterated a “buy” rating on shares of Tesco in a research report on Wednesday, November 1st. Zacks Investment Research cut Tesco from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Goldman Sachs Group upgraded Tesco from a “neutral” rating to a “buy” rating in a research report on Monday. Seaport Global Securities reiterated a “neutral” rating on shares of Tesco in a research report on Wednesday, August 9th. Finally, FBR & Co set a $7.00 price target on Tesco and gave the company a “buy” rating in a research report on Wednesday, August 16th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $6.00.
In other Tesco news, CEO Fernando Rafael Assing sold 9,293 shares of Tesco stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $3.80, for a total transaction of $35,313.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders have sold 21,695 shares of company stock valued at $82,720. Corporate insiders own 1.70% of the company’s stock.
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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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