Wall Street analysts forecast that Netshoes (CAYMAN) Ltd (NYSE:NETS) will post $120.33 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Netshoes (CAYMAN)’s earnings. The lowest sales estimate is $117.32 million and the highest is $123.33 million. Netshoes (CAYMAN) reported sales of $140.35 million during the same quarter last year, which indicates a negative year over year growth rate of 14.3%. The company is expected to announce its next quarterly 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 fiscal year, with estimates ranging from $513.15 million to $523.22 million. For the next year, analysts forecast that the firm will post sales of $565.22 million, with estimates ranging from $542.58 million to $587.86 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Netshoes (CAYMAN).
Netshoes (CAYMAN) (NYSE:NETS) last announced its quarterly earnings results on Thursday, August 9th. The company reported ($0.32) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.24) by ($0.08). Netshoes (CAYMAN) had a negative net margin of 10.50% and a negative return on equity of 41.68%. The business had revenue of $116.66 million during the quarter, compared to the consensus estimate of $127.93 million.
A number of analysts recently weighed in on the stock. ValuEngine raised shares of Netshoes (CAYMAN) from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. Zacks Investment Research lowered shares of Netshoes (CAYMAN) from a “buy” rating to a “hold” rating in a research report on Thursday.
Netshoes (CAYMAN) stock traded down $0.05 during midday trading on Wednesday, reaching $2.29. The stock had a trading volume of 1,500 shares, compared to its average volume of 126,318. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.25 and a quick ratio of 0.54. Netshoes has a 52-week low of $1.84 and a 52-week high of $12.65. The firm has a market capitalization of $72.60 million, a P/E ratio of -1.27 and a beta of 1.76.
About Netshoes (CAYMAN)
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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