Lovesac Co expected to post a loss of 96 cents a share - Earnings Preview

Lovesac Co

11/06/2024 13:37

* Lovesac Co  LOVE.OQ   LOVE.O  is expected to show a fall
in
quarterly revenue when it reports  results on June 13 for the
period ending April 30 2024
    * The Stamford Connecticut-based  company is expected to
report a
9.3% decrease in revenue to $128.074 million from $141.19
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data.The company's guidance on April 11
2024, for the period ended April 30, was for revenue between
$126.00 million and $132.00 million.
    * ​LSEG's mean analyst estimate for Lovesac Co is for a loss
of 96
cents per share. 
    * The current average analyst rating on the shares is "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
$32.50​, above​ its last closing price of $26.14. ​​​

The company's guidance on April 11 2024 for the period ended
April 30 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between 126 million and -13 million
(USD).The company's guidance on April 11 2024 for the period
ended April 30 was for gross profit margin of USD55%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 31 2024              1.93       1.87      Missed  -2.9
 Oct. 31 2024  -0.29       -0.30      -0.15     Beat    50
 Jul. 31 2023  -0.11       -0.13      -0.04     Beat    70.1​
 Apr. 30 2023  -0.40       -0.42      -0.28     Beat    34.1
 ​​Jan.        1.72        1.73       1.74      Beat    0.9
 31 2023                                                
 Oct. 31 2022  -0.76       -0.76      -0.55     Beat    27.3​
 Jan. 1 0001   0.41        0.41       0.45      Beat    8.9
 Jan. 1 0001   -0.21       -0.21      0.12      Beat    157.6
 This summary was machine generated June 11 at 12:37 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)