CryptoWhistle - Crypto Currency Tracker logo CryptoWhistle - Crypto Currency Tracker logo
Seeking Alpha 2021-04-28 20:37:46

Overstock earnings getting extra interest amid crypto fever

Overstock (OSTK) is set to report Q1 earnings before the bell Thursday, with renewed interest in the stock given its exposure to cryptocurrency.Shares are up 0.9% premarket.The consensus EPS Estimate is $0.07 (+117.5% Y/Y) and the consensus revenue estimate is $582.35M (+65.6% Y/Y).Two weeks ago, Wedbush initiated coverage of the stock with an Overweight rating and a $95 price target."Over time, we think that Overstock is well positioned to grow its top line by double digits, and over the course of the next 24 months, we expect to see meaningful contribution from the planned expansion into Canada and from increased traction of sales to the General Services Administration (Federal) and to state and local governments," analyst Michael Pachter wrote in a note. "While the contribution from each of these is expected to be small, we think expansion into Canada could add 10% or more to already robust revenue growth, and think government

阅读免责声明 : 此处提供的所有内容我们的网站,超链接网站,相关应用程序,论坛,博客,社交媒体帐户和其他平台(“网站”)仅供您提供一般信息,从第三方采购。 我们不对与我们的内容有任何形式的保证,包括但不限于准确性和更新性。 我们提供的内容中没有任何内容构成财务建议,法律建议或任何其他形式的建议,以满足您对任何目的的特定依赖。 任何使用或依赖我们的内容完全由您自行承担风险和自由裁量权。 在依赖它们之前,您应该进行自己的研究,审查,分析和验证我们的内容。 交易是一项高风险的活动,可能导致重大损失,因此请在做出任何决定之前咨询您的财务顾问。 我们网站上的任何内容均不构成招揽或要约