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

Lovesac Co

11/04/2024 14:31

* Lovesac Co  LOVE.OQ  reported quarterly adjusted earnings
of
$1.87​​ per share for the quarter ended in January, higher than
the same quarter last year, when the company reported EPS of
$1.74.  The mean expectation of five analysts for the quarter
was for earnings of $1.93 per share. Wall Street expected
results to range from $1.89  to $1.96 per share.
    * Revenue rose 4.9% to $250.51 million from a year ago;
analysts
expected $265.32 million. 
    * Lovesac Co's reported EPS for the quarter was $1.87​.
    * The company reported quarterly net income of $30.95
million.
    * Lovesac Co shares had risen by 3.3% this quarter and
lost 8.6%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the home
furnishings
peer group is also "buy"

Wall Street's median 12-month price target for Lovesac Co is
$44.00 
This summary was machine generated from LSEG data April 11 at
01:31 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
 Jan. 31 2024      1.93           1.87           Missed
 Oct. 31 2023      -0.30          -0.15          Beat
 Jul. 31 2023      -0.13          -0.04          Beat
 Apr. 30 2023      -0.42          -0.28          Beat