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

Lifetime Brands

10/05/2024 16:26

* Lifetime Brands Inc  LCUT.OQ  reported a quarterly
adjusted loss
of 15 cents​​ per share for the quarter ended in March, lower
than the same quarter last year, when the company reported EPS
of -12 cents.  The mean expectation of three analysts for the
quarter was for a loss of 14 cents per share. Wall Street
expected results to range from -23 cents to -9 cents per share.
    * Revenue fell 2.2% to $142.24 million from a year ago;
analysts
expected $144.94 million. 
    * Lifetime Brands Inc's reported EPS for the quarter was a
loss
of 29 cents​.
    * The company reported a quarterly loss of $6.26 million.
    * Lifetime Brands Inc shares had fallen by 4.3% this
quarter and
gained 49.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 30.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 $12.00 
This summary was machine generated from LSEG data May 10 at
03:26 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
 Mar. 31 2024      -0.14          -0.15          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