-$0.03 EPS Expected for TheStreet, Inc. (TST) This Quarter

Wall Street brokerages expect TheStreet, Inc. (NASDAQ:TST) to post earnings of ($0.03) per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for TheStreet’s earnings, with the highest EPS estimate coming in at ($0.02) and the lowest estimate coming in at ($0.03). TheStreet posted earnings per share of $0.01 in the same quarter last year, which would suggest a negative year-over-year growth rate of 400%. The company is expected to report its next earnings results on Monday, November 12th.

On average, analysts expect that TheStreet will report full-year earnings of $0.50 per share for the current fiscal year, with EPS estimates ranging from $0.49 to $0.50. For the next year, analysts forecast that the business will post earnings of ($0.06) per share, with EPS estimates ranging from ($0.08) to ($0.03). Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow TheStreet.

TheStreet (NASDAQ:TST) last posted its quarterly earnings data on Wednesday, August 8th. The information services provider reported ($0.02) EPS for the quarter. TheStreet had a return on equity of 4.86% and a net margin of 50.81%. The company had revenue of $13.59 million for the quarter, compared to analyst estimates of $15.35 million.

Several brokerages recently issued reports on TST. Zacks Investment Research raised shares of TheStreet from a “sell” rating to a “hold” rating in a report on Saturday, July 21st. B. Riley raised their target price on shares of TheStreet from $2.75 to $3.00 and gave the stock a “buy” rating in a report on Monday, July 16th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. TheStreet currently has an average rating of “Buy” and an average price target of $2.63.

Institutional investors have recently modified their holdings of the stock. Joel Isaacson & Co. LLC raised its holdings in shares of TheStreet by 126.2% during the second quarter. Joel Isaacson & Co. LLC now owns 115,636 shares of the information services provider’s stock worth $252,000 after purchasing an additional 64,517 shares during the last quarter. Spark Investment Management LLC increased its holdings in TheStreet by 37.4% in the second quarter. Spark Investment Management LLC now owns 125,900 shares of the information services provider’s stock valued at $274,000 after buying an additional 34,300 shares in the last quarter. Millennium Management LLC purchased a new position in TheStreet in the first quarter valued at $290,000. Acadian Asset Management LLC increased its holdings in TheStreet by 197.0% in the second quarter. Acadian Asset Management LLC now owns 227,532 shares of the information services provider’s stock valued at $496,000 after buying an additional 150,910 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in TheStreet by 6.4% in the second quarter. BlackRock Inc. now owns 1,382,614 shares of the information services provider’s stock valued at $3,015,000 after buying an additional 83,417 shares in the last quarter. 48.37% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:TST opened at $2.14 on Friday. TheStreet has a 12 month low of $0.87 and a 12 month high of $2.50. The firm has a market cap of $109.12 million, a PE ratio of 26.75 and a beta of 0.42.

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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