Lovesac Co expected to post earnings of $1.73 a share - Earnings Preview

Lovesac Co

24/03/2023 13:42

* Lovesac Co  LOVE.OQ   LOVE.O  is expected to show a rise
in
quarterly revenue when it reports  results on March 28. 
    * The Stamford Connecticut-based  company is expected to
report  a
10.9% increase in revenue to $217.599 million from $196.2
million a year ago, according to the mean estimate from 6
analysts, based on Refinitiv data. The company's guidance on
December 7 2022, for the period ended January 31, was for
revenue between $223.67 million and $227.59 million.
    * ​Refinitiv's mean analyst estimate for Lovesac Co is for
earnings of $1.73 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
$55​, above​ its last closing price of $24.07. ​​​

The company's guidance on December 7 2022 for the period ended
January 31 was for gross profit margin of USD54.72%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2022  -0.21       -0.21      0.12      Beat    157.6​
 Jan. 31 2022  0.54        0.54       2.03      Beat    277.1
 ​​Oct.        -0.41       -0.41      0.17      Beat    141.5
 31 2021                                                
 Jul. 31 2021  -0.09       -0.09      0.56      Beat    736.4​
 Apr. 30 2021  -0.58       -0.58      0.13      Beat    122.4
 Jan. 31 2021  0.53        0.58       1.37      Beat    134.5
 This summary was machine generated March 24 at 13:42 GMT.  All
figures in US dollars  unless otherwise stated