$8.21 Million in Sales Expected for TheStreet, Inc. (TST) This Quarter

Analysts expect TheStreet, Inc. (NASDAQ:TST) to report $8.21 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for TheStreet’s earnings, with the lowest sales estimate coming in at $7.04 million and the highest estimate coming in at $9.37 million. TheStreet posted sales of $14.71 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 44.2%. The firm is expected to report its next earnings results on Tuesday, May 14th.

According to Zacks, analysts expect that TheStreet will report full year sales of $30.03 million for the current fiscal year, with estimates ranging from $29.01 million to $31.05 million. For the next year, analysts expect that the business will post sales of $30.26 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover TheStreet.

TheStreet (NASDAQ:TST) last issued its quarterly earnings data on Tuesday, March 12th. The information services provider reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. The firm had revenue of $13.92 million during the quarter, compared to the consensus estimate of $13.60 million. TheStreet had a negative return on equity of 3.35% and a net margin of 32.98%. During the same period last year, the company earned $0.07 EPS.

TST has been the subject of a number of recent analyst reports. B. Riley set a $3.00 price objective on TheStreet and gave the stock a “buy” rating in a research report on Thursday, December 6th. ValuEngine downgraded TheStreet from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. Finally, Zacks Investment Research downgraded TheStreet from a “buy” rating to a “hold” rating in a research report on Saturday, March 2nd.

Shares of NASDAQ:TST remained flat at $$2.30 during midday trading on Friday. The company had a trading volume of 242,961 shares, compared to its average volume of 95,582. The firm has a market cap of $106.67 million, a P/E ratio of -38.33 and a beta of 0.02. TheStreet has a 1 year low of $1.50 and a 1 year high of $2.50.

In other news, major shareholder Cannell Capital Llc bought 15,294 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was bought at an average cost of $2.19 per share, for a total transaction of $33,493.86. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 30.00% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake in shares of TheStreet by 645.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 195,042 shares of the information services provider’s stock valued at $429,000 after buying an additional 168,874 shares during the period. B. Riley Financial Inc. purchased a new position in shares of TheStreet in the 3rd quarter valued at about $517,000. Vanguard Group Inc. boosted its stake in shares of TheStreet by 9.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,491,340 shares of the information services provider’s stock valued at $3,281,000 after buying an additional 123,066 shares during the period. Cannell Capital LLC boosted its stake in shares of TheStreet by 64.0% in the 4th quarter. Cannell Capital LLC now owns 5,620,407 shares of the information services provider’s stock valued at $11,409,000 after buying an additional 2,193,859 shares during the period. Finally, B. Riley Wealth Management Inc. purchased a new position in shares of TheStreet in the 3rd quarter valued at about $74,000. Institutional investors own 54.00% of the company’s stock.

TheStreet Company Profile

TheStreet, Inc, a financial news and information provider, provides business to business (B2B) and business to consumer (B2C) content and products worldwide. The company operates through three segments: TheDeal/BoardEx, RateWatch, and Business to Consumer. Its B2B products include The Deal, a digital subscription model that delivers coverage primarily to institutional investors on changes in corporate control comprising merges and acquisitions, private equity, corporate activism, and restructuring; and BoardEx, an institutional relationship capital management database and platform, which holds profiles of approximately 1 million business leaders.

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