Lovesac Co expected to post earnings of $1.93 a share - Earnings Preview

Lovesac Co

22/03/2024 12:54

* Lovesac Co  LOVE.OQ   LOVE.O  is expected to show a rise
in
quarterly revenue when it reports  results on April 11 for the
period ending January 31 2024
    * The Stamford Connecticut-based  company is expected to
report a
11.1% increase in revenue to $265.323 million from $238.85
million a year ago, according to the mean estimate from 4
analysts, based on LSEG data.The company's guidance on December
6 2023, for the period ended January 31, was for revenue between
$260.00 million and $270.00 million.
    * ​LSEG's mean analyst estimate for Lovesac Co is for
earnings of
$1.93 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "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
$44.00​, above​ its last closing price of $22.83. ​​​

The company's guidance on December 6 2023 for the period ended
January 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD260 million and USD56 million.The
company's guidance on December 6 2023 for the period ended
January 31 was for gross profit margin of USD60%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Oct. 31 2023  -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. 31 2023  1.72        1.73       1.74      Beat    0.9
 ​​Oct.        -0.76       -0.76      -0.55     Beat    27.3
 31 2022                                                
 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
 This summary was machine generated March 22 at 12:54 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)