Tesco Corporation (TESO) Earning Somewhat Positive Press Coverage, Analysis Shows
Headlines about Tesco Corporation (NASDAQ:TESO) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive 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 closest to one being the most favorable. Tesco Corporation earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned headlines about the oil and gas company an impact score of 47.3015981419579 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the headlines that may have effected Accern’s rankings:
- Tesco Corporation (TESO) Receives Hold Rating from Cowen and Company (americanbankingnews.com)
- Amazon wants to buy French supermarket | Tesco H1 sales up (freshplaza.com)
- Tesco bosses in accounting scandal ignored staff who feared jail, court hears (breakingnews.ie)
- London Finance Show: Tesco on Booker situation; Morses Club, and DFS downgrade (proactiveinvestors.co.uk)
- Tesco whistleblower tells of mounting anxieties over accounts gap (finance.yahoo.com)
Shares of Tesco Corporation (NASDAQ TESO) opened at 5.15 on Friday. Tesco Corporation has a 1-year low of $3.70 and a 1-year high of $9.65. The firm’s market cap is $240.78 million. The company has a 50 day moving average of $4.89 and a 200 day moving average of $5.24.
Tesco Corporation (NASDAQ:TESO) last announced its earnings results on Tuesday, August 8th. The oil and gas company reported ($0.25) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.24) by ($0.01). Tesco Corporation had a negative return on equity of 18.21% and a negative net margin of 47.72%. The business had revenue of $40.10 million for the quarter, compared to analyst estimates of $41.01 million. During the same quarter in the previous year, the company posted ($0.39) EPS. The business’s revenue for the quarter was up 19.3% compared to the same quarter last year. On average, equities analysts forecast that Tesco Corporation will post ($0.94) earnings per share for the current fiscal year.
A number of equities research analysts have issued reports on TESO shares. Zacks Investment Research raised shares of Tesco Corporation from a “sell” rating to a “hold” rating in a research note on Friday, September 15th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Tesco Corporation in a research note on Wednesday, August 9th. ValuEngine lowered shares of Tesco Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. FBR & Co set a $7.00 price objective on shares of Tesco Corporation and gave the company a “buy” rating in a research note on Wednesday, August 16th. Finally, Cowen and Company set a $5.00 price objective on shares of Tesco Corporation and gave the company a “hold” rating in a research note on Friday. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. Tesco Corporation has a consensus rating of “Hold” and an average target price of $6.00.
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Tesco Corporation Company Profile
Tesco Corporation is a provider of technology-based solutions for drilling, servicing and completion of wells for the upstream energy industry. The Company’s operations consist of top drives and automated pipe handling equipment sales and rentals; aftermarket sales and services, and tubular services, including related products and accessories sales.
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