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

Joann

29/08/2023 01:04

* Joann Inc  JOAN.OQ  reported a quarterly adjusted loss of
$1.44​​ per share for the quarter ended in July. The mean
expectation of five analysts for the quarter was for a loss of
$1.15 per share.
    * Revenue fell 2.1% to $453.80 million from a year ago;
analysts
expected $437.44 million. 
    * Joann Inc's reported EPS for the quarter was a loss of
$1.76​.
    * The mean earnings estimate of analysts had fallen by
about 7.1%
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 risen by 21.3% this quarter and
lost 62.8%
so far this year.
    * The company reported a quarterly loss of $73.3 million.
    * Wall Street's median 12-month price target for Joann Inc
is
$1.50 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 29 at 12:04 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jul. 31 2023      -1.15          -1.44          Missed
 Apr. 30 2023      -0.66          -0.93          Missed
 Jan. 31 2023      0.70           0.07           Missed
 Oct. 31 2022      0.23           0.06           Missed