Joann Inc reports results for the quarter ended in April - Earnings Summary

Joann

05/06/2023 22:53

* Joann Inc  JOAN.OQ  reported a quarterly adjusted loss
of 93
cents​​ per share for the quarter ended in April. The mean
expectation of six analysts for the quarter was for a loss of 66
cents per share.
    * Revenue fell 4% to $478.10 million from a year ago;
analysts
expected $480.61 million. 
    * Joann Inc's reported EPS for the quarter was a loss of
$1.31​.
    * The mean earnings estimate of analysts had fallen by
about 66.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Joann Inc shares had fallen by 5.0% this quarter and
lost 47.0%
so far this year.
    * The company reported a quarterly loss of $54.2 million.
    * Wall Street's median 12-month price target for Joann Inc
is
$2.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data June
5 at 09:52 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Apr. 30 2023      -0.66          -0.93          Missed
 Jan. 31 2023      0.70           0.07           Missed
 Oct. 31 2022      0.23           0.06           Missed
 Jul. 31 2022      -0.65          -0.75          Missed