Lovesac Co expected to post a loss of 35 cents a share - Earnings Preview

Lovesac Co

02/12/2024 13:32

* Lovesac Co  LOVE.OQ   LOVE.O  is expected to show a rise
in
quarterly revenue when it reports  results on December 4
(estimated) for the period ending October 31 2024
    * The Stamford Connecticut-based  company is expected to
report a
0.8% increase in revenue to $155.264 million from $154.04
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data.The company's guidance on September
12 2024, for the period ended October 31, was for revenue
between $152.00 million and $160.00 million.
    * ​LSEG's mean analyst estimate for Lovesac Co is for a loss
of 35
cents per share. The company's EPS guidance on September 12
2024, for the period ended October 31, was between $-0.50 and
$-0.28 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Lovesac Co
is
$35.00​, below​ its last closing price of $37.72. ​​​

The company's guidance on September 12 2024 for the period ended
October 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between 152 million and 1 million (USD).The
company's guidance on September 12 2024 for the period ended
October 31 was for gross profit margin of USD58%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jul. 31 2024  -0.43       -0.44      -0.38     Beat    13.3
 Apr. 30 2024  -0.96       -0.96      -0.83     Beat    13.5
 Jan. 31 2024              1.93       1.87      Missed  -2.9​
 Oct. 31 2023  -0.29       -0.30      -0.15     Beat    50
 ​​Jul.        -0.11       -0.13      -0.04     Beat    70.1
 31 2023                                                
 Apr. 30 2023  -0.40       -0.42      -0.28     Beat    34.1​
 Jan. 31 2023  1.72        1.73       1.74      Beat    0.9
 Oct. 31 2022  -0.76       -0.76      -0.55     Beat    27.3
 This summary was machine generated December 2 at 13:32 GMT.  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)