Joann Inc expected to post a loss of 60  cents a share - Earnings Preview

Joann

30/08/2022 21:02

* Joann Inc  JOAN.OQ   JOAN.O  is expected to show a fall in
quarterly revenue when it reports  results on September 1. 
    * The Hudson Ohio-based  company is expected to report  a
8.7% decrease in revenue to $453.746 million from $496.9 million
a year ago, according to the mean estimate from 7 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Joann Inc is for a
loss
of 60 cents per share. For the same quarter last year, the
company reported a loss of 20 cents per share.
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 6
"hold" and 1 "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 $7​,
below​ its last closing price of $8.08. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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​
 Jul. 31 2021  -0.13       -0.13      -0.20     Missed  -48.6
 ​​Apr.        0.18        0.18       0.46      Beat    149
 30 2021                                                
                                                        ​
 This summary was machine generated August 30 at 20:02 GMT.  All
figures in US dollars  unless otherwise stated