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

Lakeland Industries

07/12/2023 24:33

* Lakeland Industries Inc  LAKE.OQ  reported quarterly
adjusted
earnings of 34 cents​​ per share for the quarter ended in
October, higher than the same quarter last year, when the
company reported EPS of 19 cents.  The mean expectation of
two analysts for the quarter was for earnings of 27 cents per
share. 
    * Revenue rose 11.6% to $31.68 million from a year ago;
analysts
expected $30.90 million. 
    * Lakeland Industries Inc's reported EPS for the quarter was
34
cents​.
    * The company reported quarterly net income of $2.62
million.
    * Lakeland Industries Inc shares had fallen by 3.5% this
quarter and gained 9.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.3%
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." 
    * Wall Street's median 12-month price target for Lakeland
Industries Inc is $21.50 

This summary was machine generated from LSEG data December 7 at
12:32 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
 Oct. 31 2023      0.27           0.34           Beat
 Jul. 31 2023      0.23           0.32           Beat
 Apr. 30 2023      0.13           0.18           Beat
 Jan. 31 2023      0.22           0.02           Missed