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

Lakeland Industries

05/12/2024 22:44

* Lakeland Industries Inc  LAKE.OQ  reported quarterly
adjusted
earnings of 1 cent​​ per share for the quarter ended October 31,
lower than the same quarter last year, when the company reported
EPS of 34 cents.  The mean expectation of two analysts for the
quarter was for earnings of 38 cents per share. Wall Street
expected results to range from 36 cents to 40 cents per share.
    * Revenue rose 44.5% to $45.76 million from a year ago;
analysts
expected $44.30 million. 
    * Lakeland Industries Inc's reported EPS for the quarter was
1
cent​.
    * The company reported quarterly net income of $86 thousand.
    * Lakeland Industries Inc shares had risen by 14.8% this
quarter and gained 24.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11.6%
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 December 5 at
10:44 p.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 2024      0.38           0.01           Missed
 Jul. 31 2024      0.36           -0.19          Missed
 Apr. 30 2024      0.31           0.22           Missed
                                  -0.13