Lovesac Co reports results for the quarter ended in April - Earnings Summary

Lovesac Co

07/06/2023 14:32

* Lovesac Co  LOVE.OQ  reported a quarterly adjusted loss
of 28
cents​​ per share for the quarter ended in April. The mean
expectation of five analysts for the quarter was for a loss
of 42 cents per share.
    * Revenue rose 9.1% to $141.19 million from a year ago;
analysts
expected $134.15 million. 
    * Lovesac Co's reported EPS for the quarter was a loss of 28
cents​.
    * The mean earnings estimate of analysts had fallen by
about 1,162.5% in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Lovesac Co shares had fallen by 15.3% this quarter and
gained 11.3% so far this year.
    * The company reported a quarterly loss of $4.23 million.
    * Wall Street's median 12-month price target for Lovesac Co
is
$55.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data June
7 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Apr. 30 2023      -0.42          -0.28          Beat
 Jan. 31 2023      1.73           1.74           Beat
 Oct. 31 2022      -0.76          -0.55          Beat
 Jul. 31 2022      0.41           0.45           Beat