Joann Inc expected to post a loss of 66 cents a share - Earnings Preview

Joann

02/06/2023 21:26

* Joann Inc  JOAN.OQ   JOAN.O  is expected to show a fall in
quarterly revenue when it reports  results on June 5. 
    * The Hudson Ohio-based  company is expected to report  a
3.5% decrease in revenue to $480.61 million from $498 million a
year ago, according to the mean estimate from 6 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Joann Inc is for a
loss
of 66 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Joann Inc
is $2​,
above​ its last closing price of $1.46. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jan. 31 2023  0.56        0.70       0.07      Missed  -90
 Oct. 31 2023  0.24        0.23       0.06      Missed  -74.1
 Jul. 31 2022  -0.64       -0.65      -0.75     Missed  -15.2​
 Apr. 30 2022  0.13        0.10       -0.22     Missed  -320
 ​​Jan.        1.04        1.04       1.16      Beat    12.1
 31 2022                                                
 Oct. 31 2021  0.63        0.64       0.73      Beat    13.8​
 Jul. 31 2021  -0.13       -0.13      -0.20     Missed  -48.6
 Apr. 30 2021  0.18        0.18       0.46      Beat    149
 This summary was machine generated June 2 at 20:26 GMT.  All
figures in US dollars  unless otherwise stated