AKA Brands Holding Corp reports results for the quarter ended in December - Earnings Summary

aka Brands Holding

08/03/2024 04:00

* AKA Brands Holding Corp  AKA.N  reported a quarterly
adjusted
loss of $1.31​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of $-16.20.  The mean expectation of five analysts
for the quarter was for a loss of 47 cents per share. Wall
Street expected results to range from -57 cents to -34 cents per
share.
    * Revenue fell 0.1% to $148.91 million from a year ago;
analysts
expected $154.14 million. 
    * AKA Brands Holding Corp's reported EPS for the quarter was
a
loss of $1.31​.
    * The company reported a quarterly loss of $13.88 million.
    * AKA Brands Holding Corp shares had risen by 51.6% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the apparel &
accessories retailers peer group is also "hold"

Wall Street's median 12-month price target for AKA Brands
Holding Corp is $8.00 
This summary was machine generated from LSEG data March 8 at
04:00 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.47          -1.31          Missed
 Sep. 30 2023      -0.12          -0.18          Missed
 Jun. 30 2023      -0.22          -0.48          Missed
 Mar. 31 2023      -0.55          -0.84          Missed