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Thursday, January 21, 2021

Wall Street Has Predicted That WWW Would Be Issuing A Sales Sum Of $478.99 Million

Several brokerages at Wall Street have expected that the stocks of WWW would be issuing a sales sum of $478.99 million for the present quarter. According to reports, seven investment analysts have already provided estimates into the earnings of the company. The highest estimate of sales has gone up to $493.60 million, with the lowest one coming in at $466.50 million. The company had reported a sales sum of $607.40 million the previous year, so this indicates a negative annual growth rate of about 21.1%. The company will be posting a quarterly earnings result on the 23rd of February. 

The Quarterly Earnings of WWW

The stocks of WWW did upload their previous quarterly earnings result on the 5th of November. The maker of textiles had reported an EPS of $0.35 on the quarter, which was more than the consensus estimate of about $0.29. The company has a net margin of about 3%, with a return on its equity at around 17.74%. The business had a revenue of around $493.10 million, which was more than the consensus estimate of about $463.66 million. 

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There are quite a few research equities that have commented on the stocks of WWW. UBS Group has already started covering the shares of the company which has been published in a 21st October research report. The rating issued by them is neutral, along with a price target set at $30.

Piper Sandler has also increased the price target of the company from $22 to $27, while giving the company a rating of neutral in a 30th September research report. Pivotal Research has increased the price target of the company from $31 to $33, along with a rating of buy in a 3rd November research note. B. Riley has gone ahead and elevated the price target from a sum of $32 to a sum of $35, along with a rating of buy. 

Five research analysts have given the stocks of WWW a rating of hold, while seven of them have already given it a rating of buy. The average rating for this company is buy, with a price target set at $29.

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