DAVIDsTEA (NASDAQ:DTEA) Receives News Impact Rating of 0.07
Media stories about DAVIDsTEA (NASDAQ:DTEA) have trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. DAVIDsTEA earned a news sentiment score of 0.07 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.0846999886551 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
DAVIDsTEA (DTEA) opened at 5.60 on Tuesday. The stock’s 50 day moving average price is $5.59 and its 200-day moving average price is $6.39. DAVIDsTEA has a one year low of $4.90 and a one year high of $13.95.
DAVIDsTEA (NASDAQ:DTEA) last issued its quarterly earnings data on Wednesday, June 7th. The company reported ($0.03) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.03. The business had revenue of $48.70 million for the quarter, compared to the consensus estimate of $46.11 million. DAVIDsTEA had a positive return on equity of 2.69% and a negative net margin of 2.57%. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.06 EPS. On average, equities analysts expect that DAVIDsTEA will post $0.06 earnings per share for the current fiscal year.
DTEA has been the topic of a number of research analyst reports. Zacks Investment Research downgraded DAVIDsTEA from a “buy” rating to a “hold” rating in a report on Monday, July 24th. BMO Capital Markets reiterated a “market perform” rating and set a $5.50 price target on shares of DAVIDsTEA in a report on Friday, June 9th. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The company presently has an average rating of “Hold” and an average target price of $6.42.
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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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