TheStreet, Inc. (TST) Expected to Post Quarterly Sales of $15.62 Million

Brokerages predict that TheStreet, Inc. (NASDAQ:TST) will announce sales of $15.62 million for the current quarter, Zacks reports. Two analysts have issued estimates for TheStreet’s earnings, with the highest sales estimate coming in at $15.91 million and the lowest estimate coming in at $15.34 million. TheStreet posted sales of $15.28 million in the same quarter last year, which would indicate a positive year over year growth rate of 2.2%. The business is expected to report its next quarterly earnings results on Tuesday, May 8th.

On average, analysts expect that TheStreet will report full year sales of $64.57 million for the current fiscal year, with estimates ranging from $64.46 million to $64.68 million. For the next fiscal year, analysts forecast that the firm will report sales of $68.03 million per share, with estimates ranging from $67.36 million to $68.71 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for TheStreet.

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TheStreet (NASDAQ:TST) last released its earnings results on Monday, March 5th. The information services provider reported $0.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.07. TheStreet had a return on equity of 14.33% and a net margin of 4.21%. The company had revenue of $15.98 million for the quarter, compared to analysts’ expectations of $16.19 million.

Several brokerages recently commented on TST. B. Riley reissued a “buy” rating and issued a $3.00 price target on shares of TheStreet in a research note on Friday, March 2nd. ValuEngine raised TheStreet from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Finally, Zacks Investment Research raised TheStreet from a “hold” rating to a “strong-buy” rating and set a $1.50 target price for the company in a research report on Friday, March 9th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $2.63.

A number of institutional investors have recently made changes to their positions in the business. Deutsche Bank AG boosted its position in 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 during the period. Technology Crossover Management VI L.L.C. acquired a new position in shares of TheStreet during the fourth quarter worth approximately $8,700,000. Finally, Renaissance Technologies LLC lifted its holdings 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 buying an additional 261,593 shares during the last quarter. 44.00% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:TST traded up $0.03 on Friday, hitting $1.85. 35,856 shares of the company’s stock traded hands, compared to its average volume of 221,997. TheStreet has a 1 year low of $0.71 and a 1 year high of $2.03. The stock has a market cap of $93.95, a PE ratio of 12.73 and a beta of 0.43.

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About TheStreet

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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