Container Store Group Inc reports results for the quarter ended in June - Earnings Summary

Container Store

06/08/2024 23:32

* Container Store Group Inc  TCS.N  reported a quarterly
adjusted
loss of 26 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of -19 cents.  The mean expectation of two analysts for the
quarter was for a loss of 21 cents per share. Wall Street
expected results to range from -24 cents to -18 cents per share.
    * Revenue fell 12.2% to $181.86 million from a year ago;
analysts
expected $192.41 million. 
    * Container Store Group Inc's reported EPS for the quarter
was a
loss of 30 cents​.
    * The company reported a quarterly loss of $14.73 million.
    * Container Store Group Inc shares had risen by 113.0% this
quarter and lost 49.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 200%
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 no "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the miscellaneous
specialty retailers peer group is  "sell."

Wall Street's median 12-month price target for Container Store
Group Inc is $1.00 
This summary was machine generated from LSEG data August 6 at
10:32 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      -0.21          -0.26          Missed
 Mar. 31 2024      -0.12          -0.04          Beat
 Dec. 31 2023      -0.05          -0.08          Missed
 Sep. 30 2023      -0.03          0.01           Beat