Tuesday Morning Corp. (TUES) Releases Earnings Results, Misses Estimates By $0.08 EPS
Tuesday Morning Corp. (NASDAQ:TUES) issued its earnings results on Thursday. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.08), Briefing.com reports. The firm had revenue of $218.76 million during the quarter, compared to analyst estimates of $216.39 million. Tuesday Morning Corp. had a negative net margin of 3.69% and a negative return on equity of 17.31%. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.20) earnings per share.
Tuesday Morning Corp. (TUES) traded down $0.05 during trading on Friday, reaching $3.10. The company’s stock had a trading volume of 345,665 shares, compared to its average volume of 294,926.
A number of research analysts recently commented on TUES shares. B. Riley set a $2.00 target price on Tuesday Morning Corp. and gave the company a “hold” rating in a research note on Friday, August 25th. Zacks Investment Research upgraded Tuesday Morning Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $2.90.
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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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