Favorable Press Coverage Somewhat Unlikely to Impact Fred’s (FRED) Stock Price
Headlines about Fred’s (NASDAQ:FRED) have been trending positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Fred’s earned a media sentiment score of 0.37 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 41.9533183362847 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news stories that may have impacted Accern’s rankings:
- Man Utd fans on social media were reacting to Fred’s Premier League debut (givemesport.com)
- The perfect midfield partner? Paul Pogba rates Fred’s Manchester United debut (metro.co.uk)
- Premier League Extra Time: Fred’s kick-out, Pogba debuts bizarre new penalty style, Roma troll Utd (foxsports.com.au)
- Tetons might get 2 new weather stations (jhnewsandguide.com)
- Veterans’ Club comes to 97-year-old Fred’s rescue (goldcoastbulletin.com.au)
Several research analysts have issued reports on FRED shares. ValuEngine raised shares of Fred’s from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd. Loop Capital set a $4.00 target price on shares of Fred’s and gave the stock a “hold” rating in a report on Monday, April 30th.
Fred’s (NASDAQ:FRED) last issued its earnings results on Thursday, June 14th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.42). The firm had revenue of $437.11 million during the quarter. Fred’s had a negative return on equity of 30.90% and a negative net margin of 7.08%. During the same period in the previous year, the business earned ($1.02) earnings per share.
Fred’s Company Profile
Fred's, Inc, together with its subsidiaries, sells general merchandise through its retail discount stores and full service pharmacies. The company, through its stores, offers health, beauty, and personal care products; household cleaning supplies, disposable diapers, pet foods, and paper products; and various general merchandise, and food and beverage products to low, middle, and fixed income families located in small- to medium-sized towns.
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