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

Joann

23/03/2023 21:53

* Joann Inc  JOAN.OQ  reported quarterly adjusted earnings
of 7
cents​​ per share for the quarter ended in January. The mean
expectation of seven analysts for the quarter was for earnings
of 70 cents per share.
    * Revenue fell 5.8% to $692.80 million from a year ago;
analysts
expected $681.39 million. 
    * Joann Inc's reported EPS for the quarter was a loss of
$2.23​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Joann Inc shares had fallen by 30.9% this quarter.
    * The company reported a quarterly loss of $91.1 million.
    * Wall Street's median 12-month price target for Joann Inc
is
$3.25 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 5
"hold" and 2 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
March 23 at 09:53 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jan. 31 2023      0.70           0.07           Missed
 Oct. 31 2022      0.23           0.06           Missed
 Jul. 31 2022      -0.65          -0.75          Missed
 Apr. 30 2022      0.10           -0.22          Missed