DAVIDsTEA (DTEA) Getting Somewhat Negative News Coverage, Analysis Shows
News coverage about DAVIDsTEA (NASDAQ:DTEA) has trended somewhat negative on Thursday, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. DAVIDsTEA earned a media sentiment score of -0.05 on Accern’s scale. Accern also gave news stories about the company an impact score of 45.53 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
DAVIDsTEA (NASDAQ:DTEA) last posted its quarterly earnings results on Thursday, September 7th. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.02. The business had revenue of $45.70 million during the quarter, compared to analysts’ expectations of $44.32 million. DAVIDsTEA had a negative net margin of 3.98% and a positive return on equity of 1.51%. The business’s quarterly revenue was up 11.2% on a year-over-year basis. During the same period last year, the company posted ($0.09) earnings per share.
Separately, Zacks Investment Research raised shares of DAVIDsTEA from a “hold” rating to a “buy” rating and set a $6.25 price target for the company in a report on Thursday, July 13th. Three investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. DAVIDsTEA has an average rating of “Hold” and a consensus target price of $6.42.
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DAVIDsTEA Company Profile
DAVIDsTEA Inc is engaged in the retail and online sale of tea, tea accessories, and food and beverages in Canada and in the United States. The Company’s segments include Canada and the U.S. The Company is a branded retailer of specialty tea, offering approximately 150 loose-leaf teas, pre-packaged teas, tea sachets and tea-related gifts, accessories, and food and beverages primarily through approximately 190 DAVIDsTEA stores, which are operated by the Company, and its Website, davidstea.com.
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