Somewhat Negative News Coverage Somewhat Unlikely to Impact Stein Mart (SMRT) Share Price
News headlines about Stein Mart (NASDAQ:SMRT) have been trending somewhat negative on Wednesday, according to Accern Sentiment. Accern rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Stein Mart earned a media sentiment score of -0.21 on Accern’s scale. Accern also gave news coverage about the company an impact score of 46.268991899783 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern’s analysis:
- Comparing Stein Mart (SMRT) & The Competition (americanbankingnews.com)
- Stein Mart cutting 10 percent of corporate staff (bizjournals.com)
- Stein Mart (SMRT) to Reduce Headcount by 10% – StreetInsider.com (streetinsider.com)
- Stein Mart to eliminate 10 percent of corporate workers (finance.yahoo.com)
- ETFs with exposure to Stein Mart, Inc. : October 27, 2017 (finance.yahoo.com)
Stein Mart (NASDAQ SMRT) opened at 1.07 on Wednesday. The company’s 50-day moving average price is $1.25 and its 200 day moving average price is $1.50. The firm’s market capitalization is $51.27 million. Stein Mart has a 12 month low of $1.00 and a 12 month high of $6.93.
Stein Mart (NASDAQ:SMRT) last posted its earnings results on Wednesday, August 16th. The company reported ($0.28) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.20) by ($0.08). Stein Mart had a negative return on equity of 34.59% and a negative net margin of 1.89%. The firm had revenue of $311.03 million for the quarter, compared to analyst estimates of $303.97 million. During the same quarter last year, the firm posted $0.06 EPS. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. Analysts predict that Stein Mart will post ($0.22) EPS for the current year.
Stein Mart Company Profile
Stein Mart, Inc is a national retailer offering the fashion merchandise, service and presentation of a department or specialty store. The Company offers apparel for women and men, as well as accessories, shoes and home fashions. The Company’s target customers are women over 45 years old. The Company operates approximately 280 stores in over 30 states and an Internet store.
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