Lovesac Co reports results for the quarter ended in January - Earnings Summary

Lovesac Co

28/03/2023 14:31

* Lovesac Co  LOVE.OQ  reported quarterly adjusted earnings
of
$1.74​​ per share for the quarter ended in January. The mean
expectation of six analysts for the quarter was for earnings of
$1.73 per share.
    * Revenue rose 21.7% to $238.85 million from a year ago;
analysts
expected $217.60 million. 
    * Lovesac Co's reported EPS for the quarter was $1.74​.
    * The mean earnings estimate of analysts had fallen by
about 14.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Lovesac Co shares had risen by 9.0% this quarter.
    * The company reported quarterly net income of $27.6
million.
    * Wall Street's median 12-month price target for Lovesac Co
is
$55.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
March 28 at 01:30 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jan. 31 2023      1.73           1.74           Beat
 Oct. 31 2022      -0.76          -0.55          Beat
 Jul. 31 2022      0.41           0.45           Beat
 Apr. 30 2022      -0.21          0.12           Beat