Published On: Tue, Sep 6th, 2016

DavidsTea Inc. (DTEA) to Release Earnings on Wednesday

DavidsTea Inc. (NASDAQ:DTEA) will release its earnings data after the market closes on Wednesday, September 7th. Analysts expect DavidsTea to post earnings of ($0.07) per share for the quarter. DavidsTea has set its FY17 guidance at CAD 0.50-0.54 EPS.
DavidsTea (NASDAQ:DTEA) last released its earnings results on Wednesday, June 8th. The company reported $0.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.01. The company had revenue of $44.50 million for the quarter. The firm’s revenue was up 24.3% compared to the same quarter last year. On average, analysts expect DavidsTea to post $0.41 EPS for the current fiscal year and $0.52 EPS for the next fiscal year.
A number of equities research analysts recently issued reports on DTEA shares. Zacks Investment Research lowered DavidsTea from a “hold” rating to a “sell” rating in a research note on Friday, June 3rd. BMO Capital Markets raised DavidsTea from a “market perform” rating to an “outperform” rating and upped their target price for the company from $13.00 to $16.00 in a research note on Thursday, July 7th. Finally, Lake Street Capital started coverage on DavidsTea in a research note on Tuesday, July 12th. They issued a “buy” rating and a $20.00 target price on the stock. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $15.40.

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DavidsTea Inc. (NASDAQ:DTEA) opened at 13.39 on Tuesday. The company’s 50-day moving average price is $13.70 and its 200 day moving average price is $12.25. DavidsTea Inc. has a 1-year low of $8.88 and a 1-year high of $17.84. The firm’s market capitalization is $328.15 million.
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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