Lovesac Co expected to post a loss of 42 cents a share - Earnings Preview

Lovesac Co

05/06/2023 13:33

* Lovesac Co  LOVE.OQ   LOVE.O  is expected to show a rise
in
quarterly revenue when it reports  results on June 7. 
    * The Stamford Connecticut-based  company is expected to
report  a
3.7% increase in revenue to $134.15 million from $129.38 million
a year ago, according to the mean estimate from 4 analysts,
based on Refinitiv data. The company's guidance on March 28
2023, for the period ended April 30, was for revenue between
$133.00 million and $136.00 million.
    * ​Refinitiv's mean analyst estimate for Lovesac Co is for a
loss
of 42 cents per share. 
    * The current average analyst rating on the shares is
"strong 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 had fallen by
about 12.0%
in the last three months. ​
    * Wall Street's median 12-month price target for Lovesac Co
is
$55​, above​ its last closing price of $23.16. ​​​

The company's guidance on March 28 2023 for the period ended
April 30 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between 133 million and -4 million (USD).The
company's guidance on March 28 2023 for the period ended April
30 was for gross profit margin of USD50.1%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jan. 31 2023  1.72        1.73       1.74      Beat    0.9
 Oct. 31 2023  -0.76       -0.76      -0.55     Beat    27.3
 Jul. 31 2022  0.41        0.41       0.45      Beat    8.9​
 Apr. 30 2022  -0.21       -0.21      0.12      Beat    157.6
 ​​Jan.        0.54        0.54       2.03      Beat    277.1
 31 2022                                                
 Oct. 31 2021  -0.41       -0.41      0.17      Beat    141.5​
 Jul. 31 2021  -0.09       -0.09      0.56      Beat    736.4
 Apr. 30 2021  -0.58       -0.58      0.13      Beat    122.4
 This summary was machine generated June 5 at 12:33 GMT.  All
figures in US dollars  unless otherwise stated