Somewhat Favorable News Coverage Somewhat Unlikely to Impact Tuesday Morning Corp. (TUES) Share Price
Media coverage about Tuesday Morning Corp. (NASDAQ:TUES) has trended somewhat positive recently, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Tuesday Morning Corp. earned a daily sentiment score of 0.07 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.9521326961697 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media stories that may have impacted Accern’s rankings:
- Tuesday Morning Corp. (TUES) Given Consensus Recommendation of “Hold” by Analysts (americanbankingnews.com)
- Hulu Series Based On Stephen King Stories Shoots At Tewksbury State Hospital (patch.com)
- Self-Driving Car Company Announces World Headquarters In Strip District (pittsburgh.cbslocal.com)
- Cite-and-release may be DOA, Dallas ISD name changes, Toys ‘R’ Us files for bankruptcy: Your Tuesday morning roundup (dallasnews.com)
- The Latest on Hurricane Maria (bloomberg.com)
Tuesday Morning Corp. (NASDAQ:TUES) last posted its quarterly earnings data on Thursday, August 24th. The company reported ($0.39) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.30) by ($0.09). The company had revenue of $223.60 million for the quarter, compared to analysts’ expectations of $225.51 million. Tuesday Morning Corp. had a negative return on equity of 15.09% and a negative net margin of 3.37%. The business’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the business posted ($0.09) EPS.
TUES has been the subject of several research analyst reports. Credit Suisse Group decreased their price target on shares of Tuesday Morning Corp. from $4.50 to $2.50 and set a “neutral” rating for the company in a research note on Friday, June 16th. Zacks Investment Research raised shares of Tuesday Morning Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. B. Riley set a $2.00 price target on shares of Tuesday Morning Corp. and gave the company a “hold” rating in a research note on Friday, August 25th. Finally, ValuEngine downgraded shares of Tuesday Morning Corp. from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. Tuesday Morning Corp. presently has a consensus rating of “Hold” and a consensus target price of $3.22.
About Tuesday Morning Corp.
Tuesday Morning Corporation is an off-price retailer. The Company specializes in selling discounted, upscale decorative home accessories, housewares, seasonal goods and famous-maker gifts. The Company operated 751 stores in 40 states in the United States, as of June 30, 2016. The Company offers products in a range of categories, such as home decor, furniture, bed and bath, kitchen, toys, crafts, pets and seasonal goods.
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