DAVIDsTEA (DTEA) Earning Somewhat Favorable News Coverage, Analysis Shows
News articles about DAVIDsTEA (NASDAQ:DTEA) have trended somewhat positive recently, according to Accern. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog 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 coverage optimism score of 0.14 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 46.5668969528814 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of DAVIDsTEA (DTEA) opened at 5.25 on Monday. DAVIDsTEA has a 1-year low of $4.90 and a 1-year high of $13.85. The company has a 50 day moving average price of $5.52 and a 200-day moving average price of $6.35.
DAVIDsTEA (NASDAQ:DTEA) last issued its quarterly earnings results on Wednesday, June 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03. The firm had revenue of $48.70 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the company posted $0.06 EPS. On average, equities analysts forecast that DAVIDsTEA will post $0.06 EPS for the current fiscal year.
A number of analysts recently weighed in on DTEA shares. Zacks Investment Research upgraded DAVIDsTEA from a “hold” rating to a “buy” rating and set a $5.75 price target on the stock in a research note on Friday, July 21st. BMO Capital Markets restated a “market perform” rating and issued a $5.50 price target on shares of DAVIDsTEA in a research note on Friday, June 9th. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $6.42.
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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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