Lovesac Co expected to post a loss of 13 cents a share - Earnings Preview

Lovesac Co

29/09/2023 13:38

* Lovesac Co  LOVE.OQ   LOVE.O  is expected to show a rise
in
quarterly revenue when it reports  results on October 2
(estimated). 
    * The Stamford Connecticut-based  company is expected to
report  a
1.4% increase in revenue to $150.662 million from $148.53
million a year ago, according to the mean estimate from 5
analysts, based on Refinitiv data. The company's guidance on
June 7 2023, for the period ended July 31, was for revenue
between $149.00 million and $151.00 million.
    * ​Refinitiv's mean analyst estimate for Lovesac Co is for a
loss
of 13 cents per share. 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 6 "strong buy" or
"buy," no "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 Lovesac Co
is
$50​, above​ its last closing price of $19.78. ​​​

The company's guidance on June 7 2023 for the period ended July
31 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between USD149 million and USD1.5 million.
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 2023  -0.40       -0.42      -0.28     Beat    34.1
 Jan. 31 2023  1.72        1.73       1.74      Beat    0.9
 Oct. 31 2022  -0.76       -0.76      -0.55     Beat    27.3​
 Jul. 31 2022  0.41        0.41       0.45      Beat    8.9
 ​​Apr.        -0.21       -0.21      0.12      Beat    157.6
 30 2022                                                
 Jan. 31 2022  0.54        0.54       2.03      Beat    277.1​
 Oct. 31 2021  -0.41       -0.41      0.17      Beat    141.5
 Jul. 31 2021  -0.09       -0.09      0.56      Beat    736.4
 This summary was machine generated September 29 at 12:38 GMT. 
All figures in US dollars  unless otherwise stated