Destination XL Group Inc reports results for the quarter ended in April - Earnings Summary

Destination XL

30/05/2024 14:32

* Destination XL Group Inc  DXLG.OQ  reported quarterly
adjusted
earnings of 6 cents​​ per share for the quarter ended in April,
lower than the same quarter last year, when the company reported
EPS of 11 cents.  The mean expectation of two analysts for the
quarter was for earnings of 5 cents per share. Wall Street
expected results to range from 4 cents to 5 cents per share.
    * Revenue fell 7.9% to $115.49 million from a year ago;
analysts
expected $118.00 million. 
    * Destination XL Group Inc's reported EPS for the quarter
was 6
cents​.
    * The company reported quarterly net income of $3.79
million.
    * Destination XL Group Inc shares had fallen by 0.8% this
quarter and lost 18.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 28.6%
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 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the apparel &
accessories retailers peer group is  "hold."

Wall Street's median 12-month price target for Destination XL
Group Inc is $5.25 
This summary was machine generated from LSEG data May 30 at
01:31 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
 Apr. 30 2024      0.05           0.06           Beat
 Jan. 31 2024      0.07           0.08           Beat
 Oct. 31 2023      0.08           0.06           Missed
 Jul. 31 2023      0.18           0.18           Met