76.20 0.00 (0.00%)
After hours: 5:05PM EDT
|Bid||76.15 x 800|
|Ask||76.19 x 800|
|Day's Range||74.64 - 77.23|
|52 Week Range||32.54 - 234.00|
|Beta (3Y Monthly)||1.90|
|PE Ratio (TTM)||13.23|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Buoyed by a resilient labor market and solid income gains, consumers remain the primary source of firepower for economic growth amid moribund factory output.
Stamps.com (STMP) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
We often see insiders buying up shares in companies that perform well over the long term. On the other hand, we'd be...
Reportedly, Alibaba Group Holding (BABA) has agreed to acquire an e-commerce company, Kaola Unit, from NetEase Inc. for approximately $2 billion.
(Bloomberg) -- Stamps.com Inc. shares surged on Thursday after the company raised the midpoint of its yearly forecast, easing some investors’ worst fears.The stock rose 34% at the open -- the biggest gain in two years. Shares were at the highest since May when a forecast cut caused shares to plummet. Ken McBride, Stamps’ chief executive, told investors on last night’s earnings call that the company was seeing a “a positive shift” in the U.S. Postal Service’s approach to Stamps’ reseller partners.That was enough for one Craig-Hallum analyst, who raised his rating back to a buy and his 12-month price target to $60 from $48. “Sentiment goes from blatantly negative to modestly encouraging” after the “death march” of the prior two earnings calls, analyst George Sutton wrote in a note to clients.“Given the tremendous game of musical chairs occurring in the shipping space,” Sutton said, “we (and the stock) obviously have concern relative to the company’s position in the ecosystem.” If Stamps.com reached a new accord with a large carrier, that could be a significant catalyst for shares, he said.The rest of the Street was less optimistic on a Stamps recovery. For example, Roth analyst Darren Aftahi cautioned, “investors and the stock should have something to cheer about, but it might be short lived.”Stamps “still has many plugs to patch” and forward earnings guidance was only a little better than “the ‘worst case scenario’ communicated on the last call,” Aftahi said.Aftahi is the only analyst tracked by Bloomberg to rate Stamps a sell, while Craig-Hallum is the only bank to rate the company a buy. Three other analysts carry a hold rating.(Updates shares in second paragraph, adds chart.)To contact the reporter on this story: Cristin Flanagan in New York at email@example.comTo contact the editors responsible for this story: Catherine Larkin at firstname.lastname@example.org, Scott SchnipperFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Stamps.com (STMP) delivered earnings and revenue surprises of 31.58% and 6.57%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Stamps.com shares skyrocketed more than 16% in the extended session Wednesday after the company reported adjusted profit and sales well above Wall Street expectations and raised its guidance for the year. Stamps.com said it earned $14 million, or 79 cents a share, in the quarter, compared with $45.5 million, or $2.41 a share, in the second quarter of 2018. Adjusted for one-time items, Stamps.com earned $39.3 million, or $1.25 a share, compared with $63.6 million, or $2.75 a share, a year ago. Sales fell 1% to $138.8 million, compared with $139.6 million in the second quarter of 2018. Analysts polled by FactSt had expected adjusted earnings of $1 a share on sales of $130 million. For 2019, the company said it expects revenue to fall between $520 million and $560 million, compared with a previous guidance of $510 million to $560 million. Stamps.com said it expects profit for the year to range between $27 million and $45 million, versus a previous guidance of $21 million to $45 million.
On Wednesday, August 7, Stamps.com (NASDAQ: STMP ) will release its latest earnings report. Decipher the announcement with Benzinga's help. Earnings and Revenue Based on management's projections, Stamps.com ...
Stamps.com (STMP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.