Tuesday Morning Corporation is an American discount closeout retailer. Located in Dallas, Texas, this company specializes in selling name brand household merchandise at prices significantly lower than department and specialty stores.
TUEM’s most recent earnings
One of the original off-price retailers, Tuesday Morning is best known for its quality products at low prices. The company sells its products through its retail stores and online outlets. Its most recent quarterly earnings release was on November 22, 2022. TUEM is not currently announcing any dividends. If you are considering investing in this company, make sure to do your due diligence. Before jumping into any investment, make sure to check out the latest earnings report to learn about its financial performance. You can also check out the company’s earnings calendar to see when the next big announcement is.
The company specializes in branded high-quality home products. They sell their wares at prices under department stores and specialty retailers. They also have an impressive collection of gadgets to boot. To round out the experience, they offer an online shopping portal for customers to order products they may not have the time or inclination to visit their brick and mortar locations.
TUEM’s forecast annual revenue growth rate
State revenue forecasts for fiscal year 2023 show a significant moderation of growth. While growth in fiscal year 2021 was strong, most forecasts are being revised in light of the ongoing global geopolitical crisis.
For example, revenues from licenses, permits, fees, and fines are expected to fall by 3.5%. However, sales tax revenues are expected to increase by 24%. Likewise, documentary transfer tax receipts are projected to grow by 22%.
Currently, the forecast for annual revenue is for $4,779,017,636. While these estimates are for 46 states, the outlook for the remaining states has not been finalized. The dashboard below compares last year’s revenue to the estimates for this year and next.
As you can see from the chart, the P/S Ratio for TUEM is slightly lower than the industry average. While this is not a major concern, it can mean the stock’s price is growing at a slower rate than the S&P 500 index constituents. This could lead to a short-term decline in the share price.
TUEM’s technical signals
The TUEM’s technical signals for the day have been fairly steady. While the stock has shown range contraction during the session, the TUEM’s Stochastic Oscillator remains in oversold territory. This means that there is a good chance that the TUEM’s price will climb back up above the middle band. However, it will be prudent to monitor TUEM’s position for future potential movements.
The TUEM’s Aroon Indicator is another of the TUEM’s technical signals for the morning. This indicator has entered an uptrend today, and it will probably continue to increase in value.
The TUEM’s P/S Ratio, for example, is 0.008. This number is significantly lower than the industry average of 1.102. This indicates that the stock is not growing as fast as the S&P 500 index.
Among the TUEM’s other technical signals, the Moving Average Convergence Divergence Histogram is another of the TUEM’s indicators to watch. This is a bearish signal. It will show that the 10-day moving average of TUEM has crossed below the 50-day moving average. A crossing below the 50-day moving average will indicate a shift in the trend.
Wall Street research analysts’ ratings
Are you wondering about the Wall Street research analysts’ ratings for Tuem stock? This information is not intended to provide financial advice, and is only available as information. MarketBeat provides real-time analyst ratings, and provides in-depth profiles for 20,000 public companies. It also provides daily market updates via email newsletter. You can subscribe for free.
Tuesday Morning Corporation is a leading off-price retailer of home goods. It has an annual revenue of $4,779,017,636. Its stock has received buy and hold ratings in the past year. In 2022, the company will generate free cash flow. This is important, as the company is susceptible to the volatility of oil commodity prices. SM has a solid hedge protection in 2021 and 2022. However, it could become less favorable if commodity prices continue to fluctuate.
One Wall Street research analyst has a hold rating for TUEM stock. This means that the analyst believes investors should keep their existing positions. Currently, the stock is trading at $1.97, which is outside the analyst’s predicted range.