Joann Inc expected to post a loss of 21 cents a share - Earnings Preview

Joann

01/12/2023 21:07

* Joann Inc  JOAN.OQ   JOAN.O  is expected to show a fall in
quarterly revenue when it reports  results  for the period
ending July 31 2023
    * The Hudson Ohio-based  company is expected to report a
2.8% decrease in revenue to $547.2 million from $562.8 million a
year ago, according to the mean estimate from 5 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Joann Inc is for a loss
of 21
cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Joann Inc
is
$1.25​, above​ its last closing price of $0.59. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jul. 31 2023  -1.17       -1.15      -1.44     Missed  -25
 Apr. 30 2023  -0.63       -0.66      -0.93     Missed  -41.3
 Jan. 31 2023  0.56        0.70       0.07      Missed  -90​
 Oct. 31 2022  0.24        0.23       0.06      Missed  -74.1
 ​​Jul.        -0.64       -0.65      -0.75     Missed  -15.2
 31 2022                                                
 Apr. 30 2022  0.13        0.10       -0.22     Missed  -320​
 Jan. 31 2022  1.04        1.04       1.16      Beat    12.1
 Oct. 31 2021  0.63        0.64       0.73      Beat    13.8
 This summary was machine generated December 1 at 21:07 GMT.  All
figures in US dollars unless otherwise stated