Can Overstock Surpass Quarterly Expectations?

We’ve been following the online retailer Overstock.com ($OSTK) closely since initiating a bullish position earlier this year.
With the company’s second quarter of 2021 officially ending yesterday, we’re already looking ahead to the earnings report, which is expected to fall near the end of July.
Consumer Mention volume for the company shows that Overstock has done an excellent job of maintaining the momentum it gained during the pandemic last year, up +41% vs. 2019 in the reporting quarter.

21Q2 Mentions fell slightly below the all-time high volume attained in the second quarter of 2020 – However, Wall St. expects to see a corresponding YoY decline in sales. Considering the company’s recent outperformance (top and bottom-line) and diversified revenue streams (pure eCommerce, financial services, and even crypto), we’re already leaning bullish ahead of the 21Q2 report.