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

Joann

01/09/2022 22:01

* Joann Inc  JOAN.OQ  reported a quarterly adjusted loss
of 75
cents​​ per share for the quarter ended in July. The mean
expectation of seven analysts for the quarter was for a loss
of 65 cents per share.
    * Revenue fell 6.8% to $463.30 million from a year ago;
analysts
expected $451.62 million. 
    * Joann Inc's reported EPS for the quarter was a loss of
$1.40​.
    * The mean earnings estimate of analysts had fallen by
about 91.9%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Joann Inc shares had fallen by 8.4% this quarter and
lost 31.6%
so far this year.
    * The company reported a quarterly loss of $56.9 million.
    * Wall Street's median 12-month price target for Joann Inc
is
$7.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 5
"hold" and 2 "sell" or "strong sell." 

This summary was machine generated from Refinitiv data September
1 at 09:01 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jul. 31 2022      -0.65          -0.75          Missed
 Apr. 30 2022      0.10           -0.22          Missed
 Jan. 31 2022      1.04           1.16           Beat
 Oct. 31 2021      0.64           0.73           Beat