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

Bark

07/08/2024 22:52

* Bark Inc  BARK.N  reported a quarterly adjusted loss of 2
cents​​ per share for the quarter ended in January, higher than
the same quarter last year, when the company reported EPS of -5
cents.  The mean expectation of four analysts for the quarter
was for a loss of 3 cents per share. Wall Street expected
results to range from -5 cents to -2 cents per share.
    * Revenue fell 3.6% to $116.21 million from a year ago;
analysts
expected $114.28 million. 
    * Bark Inc's reported EPS for the quarter was a loss of 6
cents​.
    * The company reported a quarterly loss of $10.04 million.
    * Bark Inc shares had fallen by 24.3% this quarter and
gained 70.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.7%
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 3 "strong buy" or "buy," 1
"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 $2.00
This summary was machine generated from LSEG data August 7 at
09:52 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
 Jun. 30 2024      -0.03          -0.02          Beat
 Mar. 31 2024      -0.01          0.00           Beat
 Dec. 31 2023      -0.05          -0.05          Met
 Sep. 30 2023      -0.03          -0.01          Beat