Media stories about Black Diamond (NASDAQ:BDE) have been trending somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Black Diamond earned a news impact score of 0.12 on Accern’s scale. Accern also gave press coverage about the company an impact score of 47.7689203560107 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
- Black Diamond, Inc. :BDE-US: Earnings Analysis: Q2, 2017 By the Numbers : August 10, 2017 (finance.yahoo.com)
- Black Diamond, Inc. to Change Name to Clarus Corporation (finance.yahoo.com)
- Edited Transcript of BDE earnings conference call or presentation 7-Aug-17 9:00pm GMT (finance.yahoo.com)
- Contrasting Black Diamond (BDE) and Callaway Golf (ELY) (americanbankingnews.com)
Black Diamond (NASDAQ BDE) opened at 6.65 on Tuesday. Black Diamond has a 52 week low of $4.41 and a 52 week high of $7.15. The firm has a 50 day moving average of $6.73 and a 200-day moving average of $5.95.
Black Diamond (NASDAQ:BDE) last announced its quarterly earnings data on Monday, August 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by $0.08. The firm had revenue of $30.70 million for the quarter, compared to analyst estimates of $30.63 million. Black Diamond had a negative return on equity of 0.72% and a negative net margin of 4.51%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.08) earnings per share. On average, analysts predict that Black Diamond will post $0.07 EPS for the current fiscal year.
Several brokerages recently issued reports on BDE. Zacks Investment Research downgraded shares of Black Diamond from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Stifel Nicolaus raised shares of Black Diamond from a “hold” rating to a “buy” rating and lifted their price target for the company from $6.00 to $8.00 in a report on Wednesday, August 2nd. Finally, Roth Capital set a $7.00 price target on shares of Black Diamond and gave the company a “hold” rating in a report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $7.42.
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Black Diamond Company Profile
Black Diamond, Inc, through its ownership of Black Diamond Equipment, Ltd., is engaged in designing, manufacturing and marketing of active outdoor performance equipment and apparel for climbing, mountaineering, backpacking, skiing and a range of other year-round outdoor recreation activities. Its principal brands include Black Diamond and PIEPS.
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