Lakeland Industries Inc reports results for the quarter ended in April - Earnings Summary

Lakeland Industries

05/06/2024 11:56

* Lakeland Industries Inc  LAKE.OQ  reported quarterly
adjusted
earnings of 22 cents​​ per share for the quarter ended in April,
higher than the same quarter last year, when the company
reported EPS of 18 cents.  The mean expectation of two analysts
for the quarter was for earnings of 31 cents per share. Wall
Street expected results to range from 24 cents to 38 cents per
share.
    * Revenue rose 26.5% to $36.31 million from a year ago;
analysts
expected $32.45 million. 
    * Lakeland Industries Inc shares had risen by 3.0% this
quarter and gained 1.7% so far this year.

FORECAST CHANGES
    * 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 apparel &
accessories peer group is also "buy"

Wall Street's median 12-month price target for Lakeland
Industries Inc is $21.50 
This summary was machine generated from LSEG data June 5 at
10:56 a.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
 Apr. 30 2024      0.31           0.22           Missed
                                  -0.13          
 Oct. 31 2023      0.27           0.34           Beat
 Jul. 31 2023      0.23           0.32           Beat