Netshoes (CAYMAN) (NETS) Earning Somewhat Critical Press Coverage, Accern Reports
News articles about Netshoes (CAYMAN) (NASDAQ:NETS) have trended somewhat negative on Saturday, according to Accern. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Netshoes (CAYMAN) earned a media sentiment score of -0.03 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.9432465074878 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment’s analysis:
- Jefferies Group LLC Downgrades Netshoes (CAYMAN) Ltd (NETS) to Hold (americanbankingnews.com)
- Tiger Global Management cuts stake in Netflix, Facebook (timesofindia.indiatimes.com)
- Netshoes (CAYMAN) Ltd (NETS) Announces Quarterly Earnings Results (americanbankingnews.com)
- Netshoes Limited Reports Second Quarter 2017 Results (finance.yahoo.com)
- Zacks: Netshoes (CAYMAN) Ltd (NASDAQ:NETS) Given Average Rating of “” by Brokerages (americanbankingnews.com)
Shares of Netshoes (NETS) traded down 2.40% on Friday, reaching $14.66. The company’s stock had a trading volume of 174,717 shares. Netshoes has a one year low of $12.49 and a one year high of $26.96. The firm’s market capitalization is $306.38 million. The firm has a 50-day moving average price of $19.15 and a 200 day moving average price of $18.51.
Netshoes (CAYMAN) (NASDAQ:NETS) last announced its earnings results on Monday, August 14th. The company reported ($0.45) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by $0.22. The business had revenue of $139.45 million during the quarter, compared to analyst estimates of $153.48 million. On average, analysts anticipate that Netshoes will post ($1.22) earnings per share for the current fiscal year.
Several equities research analysts recently weighed in on the company. Bradesco Corretora restated an “outperform” rating and set a $26.00 price target on shares of Netshoes (CAYMAN) in a research report on Tuesday, May 9th. J P Morgan Chase & Co assumed coverage on Netshoes (CAYMAN) in a research report on Monday, May 15th. They set an “overweight” rating and a $18.00 price target on the stock. Goldman Sachs Group, Inc. (The) assumed coverage on Netshoes (CAYMAN) in a research report on Monday, May 15th. They set a “buy” rating and a $24.50 price target on the stock. Jefferies Group LLC assumed coverage on Netshoes (CAYMAN) in a research report on Monday, May 15th. They set a “buy” rating and a $19.00 price target on the stock. Finally, Zacks Investment Research lowered Netshoes (CAYMAN) from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Netshoes (CAYMAN) currently has an average rating of “Buy” and an average target price of $21.90.
Netshoes (CAYMAN) Company Profile
Netshoes (Cayman) Limited is a sports and lifestyle online retailer in Latin America. The Company focuses on offering an online consumer platform in Latin America. The Company operates through two segments: Brazil and International. The Company operates in Brazil, Argentina, and Mexico. The Brazil segment consists of retail sales of consumer products from all of its verticals (which includes sales of sporting goods and related garments, as well as fashion and beauty goods) carried out through its sites Netshoes.com.br and Zattini.com.br and third-party sites that it manages, as well as its business to business offline operation.
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