Bark Inc reports results for the quarter ended in December - Earnings Summary

Bark

07/02/2024 22:01

* Bark Inc  BARK.N  reported a quarterly adjusted loss of 5
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of -12
cents.  The mean expectation of four analysts for the quarter
was for a loss of 5 cents per share. Wall Street expected
results to range from -6 cents to -4 cents per share.
    * Revenue fell 6.9% to $125.08 million from a year ago;
analysts
expected $122.64 million. 
    * Bark Inc's reported EPS for the quarter was a loss of 6
cents​.
    * The company reported a quarterly loss of $10.11 million.
    * Bark Inc shares had risen by 13.9% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 230%
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 2 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the miscellaneous
specialty retailers peer group is also "buy"

Wall Street's median 12-month price target for Bark Inc is $1.43
This summary was machine generated from LSEG data February 7 at
10:01 p.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      -0.05          -0.05          Met
 Sep. 30 2023      -0.03          -0.01          Beat
 Jun. 30 2023      -0.08          -0.05          Beat
 Mar. 31 2023      -0.04          -0.08          Missed