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Overstock.com (OSTK) earnings: expect -19% revenue decline

11:49 am ET, 08 May 2019

Overstock.com (OSTK) is announcing earnings on May 09 before market opening. We combed through analyst estimates to understand what the company revenue and earnings are predicted to look like.

What should you expect from the upcoming earnings?

Revenue for the next quarter is expected to be $361M, which implies a -19% growth rate year-over-year.

Earnings per share are expected to come in at $-0.75. If this materializes, EPS will grow 57% year-over-year.

How did the stock do last month?

Over the last month, Overstock.com (OSTK) returned -23.74%.

What do analysts say about the stock?

Overstock.com (OSTK) average analyst price target is 299.06% above its current price ($12.78).

For the latest price and information on Overstock.com, please visit Finstead and ask for "OSTK", "OSTK analysis" or "OSTK news".

Overstock.com, Inc. (OSTK) Stock Guide

Updated at: 9:27 am ET, 18 Sep 2020

Before we start: if you're looking for OSTK stock price, you can quickly find it out by visiting Finny and typing "OSTK quote". If you're looking for a quick scoop on OSTK stock (chart, price target, market cap, news and buy or sell analysis), go to Finny and look for "OSTK". You'll get all this info in one place. Or you can just type "OSTK news" to get the latest stock news.

Looking to buy or sell Overstock.com, Inc. (OSTK)? Interested in getting the full scoop on OSTK, including earnings and dividends, stock forecast, buy or sell analysis and key stats? If so, you came to the right place.

In this OSTK stock guide, we'll address key questions about OSTK, above and beyond what you can find on Yahoo Finance, Zacks, MarketWatch or Morningstar.

Here is what you'll be able to find in this guide:

Earnings and Dividends: earnings, earnings date, dividend rate and dividend yield;
Analyst Predictions: stock forecast and analyst ratings;
Analysis: Finny Score and buy or sell analysis;
Key Stats: revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio, industry, sector, and number of employees.

And here is the list of questions we'll answer:
1. What are OSTK earnings?
2. What is OSTK stock forecast (i.e., prediction)?
3. OSTK buy or sell? What is OSTK Finny Score?
4. What are the reasons to buy OSTK? Why should I buy OSTK stock?
5. What are the reasons to sell OSTK? Why should I sell OSTK stock?
6. What are OSTK key stats: revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio industry, sector, and number of employees?

So let's start. Scroll down to the question that interests you the most.

Earnings and Dividends

1. What are OSTK earnings?

OSTK trailing 12-month earnings per share (EPS) is -$1.03.

Analyst Predictions

2. What is OSTK stock forecast (i.e., prediction)?

Based on OSTK analyst price targets, OSTK stock forecast is $107.00 (for a year from now). That means the average analyst price target for OSTK stock is $107.00. The prediction is based on 1 analyst estimates.

The low price target for OSTK is $78.00, while the high price target is $140.00.

OSTK analyst rating is Strong Buy.

Analysis

3. OSTK buy or sell? What is OSTK Finny Score?

#{finnyScore:60}Our quantitative analysis shows 6 reasons to buy and 4 reasons to sell OSTK, resulting in Finny Score of 60.

4. What are the reasons to buy OSTK? Why should I buy OSTK stock?

Here are the reasons to buy OSTK stock:

5. What are the reasons to sell OSTK? Why should I sell OSTK stock?

Let's look at the reasons to sell OSTK stock (i.e., the bear case):

  • The SEC issued subpoenas and requests for information to a wide swath of tech firms dealing in cryptocurrencies, with Overstock being one of them. The latest subpoena is about Overstock's digital dividends.
  • The SEC-related setback could derail CEO Patrick Byrne’s lofty goals to transform the company into a blockchain-focused business.
  • Although cryptocurrencies and especially blockchain have a lot of potential, the technology is still in its infancy and faces quite a few headwinds that are likely to create a lot of volatility over the next few years.
  • While having your business involved in an SEC probe is never good, it doesn’t always have to spell disaster and it’s clear that Overstock is hoping for that kind of outcome. However, remarks from former SEC commissioner Dan Gallagher suggest that won’t be the case.
  • It’s hard to say what this probe will ultimately mean for OSTK stock considering there is very little information confirming exactly what tZero is being investigated for. However, the drop we’ve seen in Overstock’s share price is likely to continue to widen as more details emerge. The SEC looks set on cracking down on ICOs, and while Overstock may not be aware of any wrongdoing, it’s unlikely to pass through the agency’s fine tooth comb completely unscathed.
  • The SEC probe doesn’t necessarily mean Overstock’s cryptocurrency ambitions are over, but it’s likely to be quite awhile before the firm returns to investors’ good graces.
  • OSTK profitability is declining. The YoY profit margin change was -6.99 percentage points. See OSTK profitability chart.
  • OSTK forward P/E ratio is 520.18, which is high compared to its industry peers’ P/E ratios. See OSTK forward P/E ratio chart.
  • OSTK PEG ratio (P/E adjusted for growth) is 213.31, which is high compared to its industry peers’ PEG ratios. See OSTK PEG chart.
  • OSTK short share of float is 10.62%. The stock is much more frequently shorted than the average industry, sector or S&P 500 stock. See OSTK short share of float chart.

Key Stats

6. What are OSTK key stats : revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio industry, sector, and number of employees?

Let's look at the key statistics for OSTK:

Metrics OSTK
Price $71.45
Average Price Target / Upside $100.00 / 39.96%
Average Analyst Rating Strong Buy
Forward Dividend Yield 0.00%
Industry Specialty Retail
Sector Consumer Cyclical
Number of Employees 1,800
Market Cap $3.45B
Forward P/E Ratio 298.48
Price/Book Ratio 1.86
Revenue (TTM) $1.85B
YoY Quarterly Revenue Growth 109.40%
Profit Margin -2.05%

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