Jerash Holdings (US) Inc reports results for the quarter ended in June - Earnings Summary

Jerash Holdings (US)

13/08/2024 15:22

* Jerash Holdings (US) Inc  JRSH.OQ  reported a quarterly
adjusted
loss of 11 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 4 cents.  The mean expectation of two analysts for the
quarter was for earnings of 9 cents per share. Wall Street
expected results to range from 8 cents to 9 cents per share.
    * Revenue rose 17.9% to $40.94 million from a year ago;
analysts
expected $39.75 million. 
    * Jerash Holdings (US) Inc's reported EPS for the quarter
was a
loss of 11 cents​.
    * The company reported a quarterly loss of $1.37 million.
    * Jerash Holdings (US) Inc shares had fallen by 4.6% this
quarter and lost 6.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 21.4%
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," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the textiles &
leather
goods peer group is also "buy"

Wall Street's median 12-month price target for Jerash Holdings
(US) Inc is $4.50 
This summary was machine generated from LSEG data August 13 at
02:22 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      0.09           -0.11          Missed
 Mar. 31 2024      -0.08          -0.25          Missed
 Dec. 31 2023      0.05           0.02           Missed
 Sep. 30 2023      0.07           0.03           Missed