Lifetime Brands Inc reports results for the quarter ended in December - Earnings Summary

Lifetime Brands

12/03/2024 12:01

* Lifetime Brands Inc  LCUT.OQ  reported quarterly adjusted
earnings of 29 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 22 cents.  The mean expectation of
three analysts for the quarter was for earnings of 33 cents per
share. Wall Street expected results to range from 31 cents to 37
cents per share.
    * Revenue fell 1.9% to $203.14 million from a year ago;
analysts
expected $197.86 million. 
    * Lifetime Brands Inc's reported EPS for the quarter was 13
cents​.
    * The company reported quarterly net income of $2.71
million.
    * Lifetime Brands Inc shares had risen by 48.3% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1% 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 appliances,
tools &
housewares peer group is also "buy"

Wall Street's median 12-month price target for Lifetime Brands
Inc is $9.50 
This summary was machine generated from LSEG data March 12 at
12:00 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
 Dec. 31 2023      0.33           0.29           Missed
 Sep. 30 2023      0.25           0.36           Beat
 Jun. 30 2023      -0.15          -0.02          Beat
 Mar. 31 2023      -0.20          -0.12          Beat