Lakeland Industries Inc reports results for the quarter ended in July 31 - Earnings Summary

Lakeland Industries

05/09/2024 03:40

* Lakeland Industries Inc  LAKE.OQ  reported a quarterly
adjusted
loss of 19 cents​​ per share for the quarter ended July 31,
lower than the same quarter last year, when the company reported
EPS of 32 cents.  The mean expectation of two analysts for the
quarter was for earnings of 36 cents per share. Wall Street
expected results to range from 29 cents to 42 cents per share.
    * Revenue rose 16.5% to $38.51 million from a year ago;
analysts
expected $39.90 million. 
    * Lakeland Industries Inc's reported EPS for the quarter was
a
loss of 19 cents​.
    * The company reported a quarterly loss of $1.38 million.
    * Lakeland Industries Inc shares had risen by 3.7% this
quarter and gained 28.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 4.4%
in the last three months.​ 
    * 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 $27.00 
This summary was machine generated from LSEG data September 5 at
02:40 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
 Jul. 31 2024      0.36           -0.19          Missed
 Apr. 30 2024      0.31           0.22           Missed
                                  -0.13          
 Oct. 31 2023      0.27           0.34           Beat