Wall Street brokerages forecast that TheStreet, Inc. (NASDAQ:TST) will post sales of $15.62 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for TheStreet’s earnings. The lowest sales estimate is $15.34 million and the highest is $15.91 million. TheStreet reported sales of $15.28 million during the same quarter last year, which indicates a positive year-over-year growth rate of 2.2%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, May 8th.
On average, analysts expect that TheStreet will report full year sales of $15.62 million for the current financial year, with estimates ranging from $64.46 million to $64.68 million. For the next financial year, analysts expect that the company will post sales of $68.03 million per share, with estimates ranging from $67.36 million to $68.71 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow TheStreet.
TheStreet (NASDAQ:TST) last posted its quarterly earnings results on Monday, March 5th. The information services provider reported $0.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.07. The business had revenue of $15.98 million during the quarter, compared to the consensus estimate of $16.19 million. TheStreet had a net margin of 4.21% and a return on equity of 14.33%.
Several research firms have commented on TST. Northland Securities began coverage on shares of TheStreet in a research note on Wednesday, December 13th. They issued an “outperform” rating and a $3.00 price target for the company. ValuEngine upgraded shares of TheStreet from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. B. Riley restated a “buy” rating and issued a $3.00 price target on shares of TheStreet in a research note on Friday, March 2nd. Finally, Zacks Investment Research upgraded shares of TheStreet from a “hold” rating to a “strong-buy” rating and set a $1.50 price target for the company in a research note on Friday, March 9th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $2.63.
Shares of NASDAQ:TST traded down $0.05 during trading on Wednesday, hitting $1.74. The company’s stock had a trading volume of 336,654 shares, compared to its average volume of 211,575. The company has a market cap of $88.04, a price-to-earnings ratio of 22.00 and a beta of 0.43. TheStreet has a fifty-two week low of $0.69 and a fifty-two week high of $1.95.
Several hedge funds have recently modified their holdings of TST. Technology Crossover Management VI L.L.C. acquired a new position in shares of TheStreet during the fourth quarter worth $8,700,000. Renaissance Technologies LLC grew its stake in shares of TheStreet by 12.7% during the fourth quarter. Renaissance Technologies LLC now owns 2,316,393 shares of the information services provider’s stock worth $3,359,000 after purchasing an additional 261,593 shares in the last quarter. Finally, Deutsche Bank AG grew its stake in shares of TheStreet by 48.4% during the fourth quarter. Deutsche Bank AG now owns 185,036 shares of the information services provider’s stock worth $268,000 after purchasing an additional 60,336 shares in the last quarter. Hedge funds and other institutional investors own 44.00% of the company’s stock.
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TheStreet Company Profile
TheStreet, Inc (TheStreet) is a digital financial media company focused on the financial, and mergers and acquisitions environment. The Company’s collection of digital services provides users, subscribers and advertisers with a range of content and tools through a range of online, social media, tablet and mobile channels.
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