Xcel Brands Inc reports results for the quarter ended in December - Earnings Summary

XCel Brands

16/04/2024 22:53

* Xcel Brands Inc  XELB.OQ  reported a quarterly adjusted
loss
of 24 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of -32 cents.  The mean expectation of two analysts
for the quarter was for a loss of 25 cents per share. 
    * Revenue fell 43.8% to $2.29 million from a year ago;
analysts
expected $2.47 million. 
    * Xcel Brands Inc's reported EPS for the quarter was a loss
of 34
cents​.
    * The company reported a quarterly loss of $6.8 million.
    * Xcel Brands Inc shares had fallen by 3.8% this quarter and
lost 41.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 38.9%
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 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Xcel Brands
Inc
is $3.00 

This summary was machine generated from LSEG data April 16 at
09:52 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
 Dec. 31 2023      -0.25          -0.24          Beat
 Sep. 30 2023      -0.26          -0.15          Beat
 Jun. 30 2023      -0.13          -0.09          Beat
 Mar. 31 2023      -0.17          -0.18          Missed