Previous close | 6.90 |
Open | 6.50 |
Bid | 5.90 |
Ask | 6.10 |
Strike | 25.00 |
Expiry date | 2023-09-15 |
Day's range | 6.50 - 6.90 |
Contract range | N/A |
Volume | |
Open interest | 106 |
Key Insights Institutions' substantial holdings in Overstock.com implies that they have significant influence over the...
Good morning, and welcome to Overstock's first quarter 2023 earnings conference call. Joining me on the call today are CEO, Jonathan Johnson; and CFO, Adrianne Lee. President, Dave Nielsen, will be available for Q&A. A slide presentation accompanying today's webcast has been posted to our investor relations website and is available to download.
Overstock.com's (OSTK) first-quarter 2023 earnings surpass the consensus mark. The top line suffers due to weak housing market and the company's strategy to shift completely online.
The rally in the stock was sparked by the company's improving operating trends even as consumer demand in its core home furnishings segment shrinks. On Thursday, Overstock announced its first-quarter results. Sales fell by 29%, and the company posted a slight net loss as demand continued to contract following soaring sales during the pandemic.
How did the online retailer fare in Q1 2023? The results exceeded Wall Street estimates, but let's take a closer look to see how impressive this feat truly was.
Overstock (OSTK) delivered earnings and revenue surprises of 37.50% and 6.32%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
Executing on key growth drivers to further improve revenue performance Strong gross margin result in a highly competitive environment SALT LAKE CITY, April 27, 2023 (GLOBE NEWSWIRE) -- Overstock.com, Inc. (NASDAQ:OSTK) today reported financial results for the quarter ended March 31, 2023. First Quarter 2023 Financial Highlights •Total net revenue was $381 million, a decrease of 29% year over year•Gross profit of $90 million, or 23.5% of total net revenue•Net loss of $10 million•Diluted net loss
Match Group (MTCH) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
There could be a lot of sales up for grabs because of Bed Bath & Beyond's demise.
SALT LAKE CITY, April 21, 2023 (GLOBE NEWSWIRE) -- Pelion Venture Partners will host the 2023 Medici Ventures Day on Wednesday, May 31, 2023, from 1:00 p.m. to 4:00 p.m. ET. This event will be held virtually. It will feature an overview of the Medici Ventures Fund by Matt Mosman, Medici Ventures Fund General Partner at Pelion Venture Partners, and interviews with leaders of select Medici Ventures Fund portfolio companies participating in the event. Jonathan Johnson, CEO of Overstock.com, Inc. (N
Overstock (OSTK) 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.
SALT LAKE CITY, April 13, 2023 (GLOBE NEWSWIRE) -- Overstock.com, Inc. (NASDAQ:OSTK), a leading online furniture and home furnishings retailer, is scheduled to release first quarter financial results for the period ended March 31, 2023, on Thursday, April 27, 2023, before the market opens. The company has scheduled a conference call and webcast for 8:30am ET that day to discuss these results and take questions from participants during the live event. Questions may also be submitted to ir@oversto
Investors need to pay close attention to Overstock.com (OSTK) stock based on the movements in the options market lately.
It might seem bad, but the worst that can happen when you buy a stock (without leverage) is that its share price goes...
Shift Tech (SFT) delivered earnings and revenue surprises of 28.01% and 19.33%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Overstock (OSTK) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
When a single insider purchases stock, it is typically not a major deal. However, when multiple insiders purchase...
SALT LAKE CITY, March 09, 2023 (GLOBE NEWSWIRE) -- Overstock.com, Inc. (NASDAQ:OSTK), a leading online furniture and home furnishings retailer, announces its participation in the UBS 12th Annual Global Consumer and Retail Conference. Adrianne Lee, Chief Financial Officer, will participate in investor meetings on March 15, 2023, at the Lotte New York Palace Hotel in New York City. “2023 will be our first full year as a home-only online retailer in our over 20 years of being a public company. Whil
Chief Information Security Officer at HP, Inc. with expertise in cybersecurity, digital strategy and architecture, engineering, and risk management. Joanna Burkey Newly appointed to Overstock's Board of Directors SALT LAKE CITY, March 02, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Overstock.com, Inc. (NASDAQ:OSTK) has appointed Joanna Burkey as its newest independent director effective March 2, 2023. Burkey is the Chief Information Security Officer (CISO) for HP, Inc. and has more than 2
Overstock.com's (OSTK) fourth-quarter 2022 earnings miss the consensus mark. The top line suffers due to increasing competition and company's strategy to shift completely online.
Good morning and welcome to Overstock's fourth-quarter and full-year 2022 earnings conference call. Joining me on the call today are CEO Jonathan Johnson; CFO Adrianne Lee; and President Dave Nielsen will be available for Q&A. A slide presentation accompanying today's webcast has been posted to our investor relations website and is available to download.
Overstock (OSTK) delivered earnings and revenue surprises of -233.33% and 13.23%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Delivered Q4 and Full Year Gross Margin in line with committed target despite elevated promotions in a highly competitive landscape. Strong sales performance during Cyber 5 in strategically positioned relevant giftable inventory. SALT LAKE CITY, Feb. 22, 2023 (GLOBE NEWSWIRE) -- Overstock.com, Inc. (NASDAQ:OSTK) today reported financial results for the quarter and full year ended December 31, 2022. Fourth Quarter 2022 Financial Highlights, from continuing operations Total net revenue was $405 mi
While eBay, Etsy, and Overstock are all ecommerce companies, each has its own unique business model
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Amongst...