Beyond Inc reports results for the quarter ended in June - Earnings Summary

Neighborhood Intelligence

29/07/2024 23:15

* Beyond Inc  BYON.N  reported a quarterly adjusted loss
of 76
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of -2
cents.  The mean expectation of ten analysts for the quarter was
for a loss of 79 cents per share. Wall Street expected
results to range from -88 cents to -63 cents per share.
    * Revenue fell 5.7% to $398.10 million from a year ago;
analysts
expected $381.96 million. 
    * Beyond Inc's reported EPS for the quarter was a loss of 93
cents​.
    * The company reported a quarterly loss of $42.58 million.
    * Beyond Inc shares had risen by 5.6% this quarter and
lost 50.1%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 40.4%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 9
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the online
services
peer group is also "hold"

Wall Street's median 12-month price target for Beyond Inc is
$17.00 
This summary was machine generated from LSEG data July 29 at
10:15 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
 Jun. 30 2024      -0.79          -0.76          Beat
 Mar. 31 2024      -0.87          -1.58          Missed
 Dec. 31 2023      -0.73          -1.22          Missed
 Sep. 30 2023      -0.72          -0.61          Beat