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

Lifetime Brands

10/05/2023 13:44

* Lifetime Brands Inc  LCUT.OQ  reported a quarterly
adjusted loss
of 12 cents​​ per share for the quarter ended in March. The mean
expectation of three analysts for the quarter was for a loss
of 20 cents per share.
    * Revenue fell 20.4% to $145.44 million from a year ago;
analysts
expected $159.65 million. 
    * Lifetime Brands Inc's reported EPS for the quarter was a
loss
of 41 cents​.
    * The mean earnings estimate of analysts had fallen by
about 31.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Lifetime Brands Inc shares had fallen by 11.4% this
quarter and
lost 31.4% so far this year.
    * The company reported a quarterly loss of $8.81 million.
    * Wall Street's median 12-month price target for Lifetime
Brands
Inc is $12.00 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
10 at 12:44 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.20          -0.12          Beat
 Dec. 31 2022      0.15           0.22           Beat
 Sep. 30 2022      0.32           0.16           Missed
 Jun. 30 2022      0.05           -0.14          Missed