Analysts Anticipate DAVIDsTEA Inc. (DTEA) Will Post Earnings of -$0.15 Per Share
Brokerages expect DAVIDsTEA Inc. (NASDAQ:DTEA) to report earnings per share (EPS) of ($0.15) for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for DAVIDsTEA’s earnings. DAVIDsTEA reported earnings of ($0.07) per share in the same quarter last year, which would indicate a negative year over year growth rate of 114.3%. The company is expected to issue its next quarterly earnings report on Thursday, December 14th.
According to Zacks, analysts expect that DAVIDsTEA will report full year earnings of $0.05 per share for the current fiscal year. For the next year, analysts forecast that the business will report earnings of $0.04 per share. Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow DAVIDsTEA.
DAVIDsTEA (NASDAQ:DTEA) last announced its earnings results on Thursday, September 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.02. The business had revenue of $45.70 million for the quarter, compared to analysts’ expectations of $44.32 million. DAVIDsTEA had a positive return on equity of 1.51% and a negative net margin of 3.98%. The business’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter last year, the firm earned ($0.09) EPS.
A number of analysts have issued reports on the company. BMO Capital Markets reissued a “market perform” rating and issued a $5.50 target price on shares of DAVIDsTEA in a research report on Friday, June 9th. Zacks Investment Research raised DAVIDsTEA from a “hold” rating to a “buy” rating and set a $6.25 target price on the stock in a research report on Thursday, July 13th. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. DAVIDsTEA presently has a consensus rating of “Hold” and an average target price of $6.42.
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Large investors have recently bought and sold shares of the business. Vivaldi Capital Management LLC acquired a new position in shares of DAVIDsTEA in the first quarter worth $5,631,217,000. FMR LLC grew its stake in shares of DAVIDsTEA by 3.0% in the first quarter. FMR LLC now owns 3,101,945 shares of the company’s stock worth $22,800,000 after acquiring an additional 89,917 shares in the last quarter. Vivaldi Asset Management LLC acquired a new position in shares of DAVIDsTEA in the second quarter worth $5,383,000. PEAK6 Investments L.P. acquired a new position in shares of DAVIDsTEA in the first quarter worth $207,000. Finally, EdgePoint Investment Group Inc. acquired a new position in shares of DAVIDsTEA in the second quarter worth $7,156,000. Institutional investors and hedge funds own 16.84% of the company’s stock.
Shares of DAVIDsTEA (DTEA) traded down 2.30% during mid-day trading on Wednesday, reaching $4.25. The company’s stock had a trading volume of 49,691 shares. The stock has a 50 day moving average of $5.06 and a 200-day moving average of $5.06. DAVIDsTEA has a one year low of $4.25 and a one year high of $12.88.
DAVIDsTEA Company Profile
DAVIDsTEA Inc is engaged in the retail and online sale of tea, tea accessories, and food and beverages in Canada and in the United States. The Company’s segments include Canada and the U.S. The Company is a branded retailer of specialty tea, offering approximately 150 loose-leaf teas, pre-packaged teas, tea sachets and tea-related gifts, accessories, and food and beverages primarily through approximately 190 DAVIDsTEA stores, which are operated by the Company, and its Website, davidstea.com.
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