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

Joann

12/12/2022 22:01

* Joann Inc  JOAN.OQ  reported quarterly adjusted earnings
of 6
cents​​ per share for the quarter ended in October. The mean
expectation of seven analysts for the quarter was for earnings
of 23 cents per share.
    * Revenue fell 7.9% to $562.80 million from a year ago;
analysts
expected $570.00 million. 
    * Joann Inc's reported EPS for the quarter was a loss of 43
cents​.
    * 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 31.4% this quarter and
lost 56.3%
so far this year.
    * The company reported a quarterly loss of $17.5 million.
    * Wall Street's median 12-month price target for Joann Inc
is
$6.00 
    * 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 Refinitiv data December
12 at 10:00 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jan. 31 2022      1.04           1.16           Beat