$3.25 Billion in Sales Expected for Qurate Retail Inc Series A (QRTEA) This Quarter

Wall Street analysts expect that Qurate Retail Inc Series A (NASDAQ:QRTEA) will post $3.25 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Qurate Retail Inc Series A’s earnings, with estimates ranging from $3.23 billion to $3.26 billion. Qurate Retail Inc Series A reported sales of $3.23 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 0.6%. The business is scheduled to issue its next earnings results after the market closes on Thursday, May 9th.

On average, analysts expect that Qurate Retail Inc Series A will report full-year sales of $14.22 billion for the current year, with estimates ranging from $14.20 billion to $14.25 billion. For the next financial year, analysts expect that the business will post sales of $14.53 billion, with estimates ranging from $14.43 billion to $14.62 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Qurate Retail Inc Series A.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last issued its quarterly earnings data on Wednesday, February 27th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.19). Qurate Retail Inc Series A had a net margin of 4.79% and a return on equity of 15.39%. The business had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.40 billion. During the same quarter last year, the business earned $0.42 EPS. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year.

Several research analysts have issued reports on the stock. Evercore ISI assumed coverage on shares of Qurate Retail Inc Series A in a report on Wednesday, March 20th. They set an “in-line” rating and a $20.00 price target for the company. Citigroup upgraded shares of Qurate Retail Inc Series A from a “sell” rating to a “buy” rating and raised their price target for the stock from $19.00 to $21.00 in a report on Friday, March 8th. Zacks Investment Research lowered shares of Qurate Retail Inc Series A from a “hold” rating to a “sell” rating in a report on Thursday, January 17th. ValuEngine lowered shares of Qurate Retail Inc Series A from a “sell” rating to a “strong sell” rating in a report on Thursday, February 28th. Finally, Bank of America lowered shares of Qurate Retail Inc Series A from a “buy” rating to an “underperform” rating in a report on Thursday, February 28th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $26.63.

Hedge funds have recently made changes to their positions in the company. Dodge & Cox grew its position in Qurate Retail Inc Series A by 35.3% in the 3rd quarter. Dodge & Cox now owns 52,572,349 shares of the company’s stock valued at $1,167,632,000 after purchasing an additional 13,722,089 shares during the period. Norges Bank acquired a new stake in Qurate Retail Inc Series A in the 4th quarter valued at $74,476,000. Oregon Public Employees Retirement Fund lifted its stake in Qurate Retail Inc Series A by 2,384.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,677,510 shares of the company’s stock valued at $86,000 after acquiring an additional 1,609,986 shares in the last quarter. Metropolis Capital Ltd bought a new position in Qurate Retail Inc Series A during the 4th quarter valued at $29,166,000. Finally, South Texas Money Management Ltd. bought a new position in Qurate Retail Inc Series A during the 4th quarter valued at $19,418,000. 87.97% of the stock is owned by institutional investors.

Qurate Retail Inc Series A stock traded down $0.13 during mid-day trading on Tuesday, hitting $16.78. 2,018,344 shares of the stock were exchanged, compared to its average volume of 3,900,941. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.69 and a current ratio of 1.06. Qurate Retail Inc Series A has a 12 month low of $15.80 and a 12 month high of $25.72. The firm has a market cap of $7.30 billion, a price-to-earnings ratio of 9.02 and a beta of 0.96.

Qurate Retail Inc Series A Company Profile

Qurate Retail, Inc, through its subsidiaries, engages in the video and online commerce industries in North America, Europe, and Asia. The company markets and sells various consumer products primarily through live video programs, Websites, and mobile applications to 404 million households worldwide each day.

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Earnings History and Estimates for Qurate Retail Inc Series A (NASDAQ:QRTEA)

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