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

Neighborhood Intelligence

07/05/2024 24:30

* Beyond Inc  BYON.N  reported a quarterly adjusted loss of
$1.60​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of -10
cents.  The mean expectation of ten analysts for the quarter was
for a loss of 87 cents per share. Wall Street expected
results to range from $-1.26 to -69 cents per share.
    * Revenue rose 0.3% to $382.28 million from a year ago;
analysts
expected $389.26 million. 
    * Beyond Inc's reported EPS for the quarter was a loss of
$1.62​.
    * The company reported a quarterly loss of $73.93 million.
    * Beyond Inc shares had fallen by 38.0% this quarter and
lost 19.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 45.5%
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 "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 8
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the online
services
peer group is  "hold."

Wall Street's median 12-month price target for Beyond Inc is
$35.00 
This summary was machine generated from LSEG data May 6 at 11:30
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
 Mar. 31 2024      -0.87          -1.60          Missed
 Dec. 31 2023      -0.73          -1.22          Missed
 Sep. 30 2023      -0.72          -0.61          Beat
 Jun. 30 2023      -0.09          -0.02          Beat