Overstock.com, Inc. (NASDAQ:OSTK) Expected to Post Earnings of $0.34 Per Share

Equities research analysts forecast that Overstock.com, Inc. (NASDAQ:OSTKGet Rating) will post $0.34 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Overstock.com’s earnings. The highest EPS estimate is $0.41 and the lowest is $0.27. Overstock.com reported earnings of $1.72 per share in the same quarter last year, which would indicate a negative year over year growth rate of 80.2%. The business is expected to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Overstock.com will report full-year earnings of $1.18 per share for the current year, with EPS estimates ranging from $1.02 to $1.42. For the next year, analysts expect that the company will post earnings of $1.54 per share, with EPS estimates ranging from $1.36 to $1.68. Zacks’ EPS averages are an average based on a survey of research firms that cover Overstock.com.

Overstock.com (NASDAQ:OSTKGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.03). The company had revenue of $536.00 million for the quarter, compared to analyst estimates of $573.26 million. Overstock.com had a net margin of 14.56% and a return on equity of 18.83%. The firm’s quarterly revenue was down 18.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.56 EPS.

A number of analysts recently weighed in on the stock. Piper Sandler lowered their target price on shares of Overstock.com from $140.00 to $85.00 in a research note on Friday, February 18th. Bank of America cut shares of Overstock.com from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $85.00 to $38.00 in a research note on Monday, April 25th. DA Davidson decreased their price target on shares of Overstock.com from $161.00 to $152.00 in a research note on Thursday, April 21st. Zacks Investment Research cut shares of Overstock.com from a “hold” rating to a “strong sell” rating and set a $31.00 price target on the stock. in a research note on Wednesday, February 23rd. Finally, StockNews.com started coverage on shares of Overstock.com in a research note on Thursday, March 31st. They set a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Overstock.com currently has an average rating of “Hold” and an average target price of $87.25.

In other news, insider Eric Glen Nickle sold 1,000 shares of Overstock.com stock in a transaction dated Monday, April 11th. The shares were sold at an average price of $40.03, for a total value of $40,030.00. Following the completion of the transaction, the insider now owns 12,979 shares of the company’s stock, valued at approximately $519,549.37. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Krista Dalton sold 8,036 shares of Overstock.com stock in a transaction dated Friday, April 1st. The shares were sold at an average price of $43.60, for a total transaction of $350,369.60. Following the completion of the transaction, the insider now directly owns 7,292 shares of the company’s stock, valued at approximately $317,931.20. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Teacher Retirement System of Texas lifted its stake in shares of Overstock.com by 23.6% during the 4th quarter. Teacher Retirement System of Texas now owns 8,515 shares of the company’s stock worth $502,000 after buying an additional 1,624 shares during the last quarter. Balyasny Asset Management LLC lifted its stake in shares of Overstock.com by 34.0% during the 3rd quarter. Balyasny Asset Management LLC now owns 411,519 shares of the company’s stock worth $32,066,000 after buying an additional 104,497 shares during the last quarter. swisspartners Ltd. lifted its stake in shares of Overstock.com by 36.4% during the 3rd quarter. swisspartners Ltd. now owns 30,000 shares of the company’s stock worth $2,338,000 after buying an additional 8,000 shares during the last quarter. Bank of Montreal Can acquired a new stake in shares of Overstock.com during the 4th quarter worth about $16,395,000. Finally, Bayesian Capital Management LP acquired a new stake in Overstock.com in the 4th quarter worth about $447,000. 71.56% of the stock is owned by institutional investors.

Shares of OSTK opened at $31.46 on Tuesday. The company has a 50-day simple moving average of $35.11 and a 200-day simple moving average of $49.54. The firm has a market capitalization of $1.34 billion, a P/E ratio of 3.94, a P/E/G ratio of 2.43 and a beta of 3.86. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.89 and a current ratio of 1.91. Overstock.com has a 52 week low of $24.82 and a 52 week high of $111.28.

About Overstock.com (Get Rating)

Overstock.com, Inc operates as an online retailer in the United States. The company offers furniture, décor, area rug, bedding and bath, home improvement, outdoor, and kitchen and dining items. It provides its products and services through its internet websites comprising overstock.com, o.co, overstock.ca, and overstockgovernment.com.

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Earnings History and Estimates for Overstock.com (NASDAQ:OSTK)

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