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

Lovesac Co

03/11/2023 13:32

* Lovesac Co  LOVE.OQ  reported a quarterly adjusted loss
of 4
cents​​ per share for the quarter ended in July, lower than the
same quarter last year, when the company reported EPS of 45
cents.  The mean expectation of six analysts for the quarter was
for a loss of 13 cents per share. Wall Street expected
results to range from -17 cents to -11 cents per share.
    * Revenue rose 4% to $154.53 million from a year ago;
analysts
expected $150.66 million. 
    * Lovesac Co's reported EPS for the quarter was a loss of 4
cents​.
    * The company reported a quarterly loss of $635 thousand.
    * Lovesac Co shares had fallen by 10.9% this quarter and
lost 19.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 6.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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." 
    * Wall Street's median 12-month price target for Lovesac Co
is
$50.00 

This summary was machine generated from LSEG data November 3 at
01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jul. 31 2023      -0.13          -0.04          Beat
 Apr. 30 2023      -0.42          -0.28          Beat
 Jan. 31 2023      1.73           1.74           Beat
 Oct. 31 2022      -0.76          -0.55          Beat