Brokerages expect TheStreet, Inc. (NASDAQ:TST) to announce sales of $15.46 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for TheStreet’s earnings, with the lowest sales estimate coming in at $15.01 million and the highest estimate coming in at $15.90 million. TheStreet posted sales of $15.96 million in the same quarter last year, which would indicate a negative year over year growth rate of 3.1%. The company is expected to issue its next quarterly earnings report on Tuesday, August 7th.
According to Zacks, analysts expect that TheStreet will report full-year sales of $62.94 million for the current fiscal year, with estimates ranging from $62.44 million to $63.44 million. For the next fiscal year, analysts forecast that the firm will report sales of $66.43 million per share, with estimates ranging from $66.29 million to $66.57 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover TheStreet.
TheStreet (NASDAQ:TST) last posted its quarterly earnings results on Tuesday, May 8th. The information services provider reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). TheStreet had a net margin of 4.96% and a return on equity of 8.57%. The company had revenue of $14.71 million for the quarter, compared to analyst estimates of $15.63 million. During the same quarter in the previous year, the firm posted ($0.03) earnings per share.
TST has been the topic of a number of analyst reports. Zacks Investment Research raised shares of TheStreet from a “hold” rating to a “strong-buy” rating and set a $1.50 target price on the stock in a report on Friday, March 9th. B. Riley reaffirmed a “buy” rating and set a $3.00 target price on shares of TheStreet in a report on Friday, March 2nd. Finally, ValuEngine raised shares of TheStreet from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. TheStreet presently has an average rating of “Buy” and a consensus price target of $2.63.
Hedge funds have recently added to or reduced their stakes in the business. Technology Crossover Management VI L.L.C. purchased a new position in TheStreet in the 4th quarter worth approximately $8,700,000. Renaissance Technologies LLC grew its stake in TheStreet by 12.7% in the 4th 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 in the last quarter. Deutsche Bank AG grew its stake in TheStreet by 48.4% in the 4th quarter. Deutsche Bank AG now owns 185,036 shares of the information services provider’s stock worth $268,000 after buying an additional 60,336 shares in the last quarter. Cannell Capital LLC grew its stake in TheStreet by 3.3% in the 1st 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 in the last quarter. Finally, Spark Investment Management LLC grew its stake in TheStreet by 244.4% in the 1st quarter. Spark Investment Management LLC now owns 91,600 shares of the information services provider’s stock worth $163,000 after buying an additional 65,000 shares in the last quarter. 47.20% of the stock is owned by institutional investors and hedge funds.
TheStreet traded up $0.05, reaching $2.19, during midday trading on Friday, MarketBeat Ratings reports. 7,728 shares of the stock were exchanged, compared to its average volume of 105,920. The firm has a market capitalization of $105.27 million, a PE ratio of 26.75 and a beta of 0.45. TheStreet has a 52 week low of $0.75 and a 52 week high of $2.15.
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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