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

XCel Brands

14/08/2024 13:19

* Xcel Brands Inc  XELB.OQ  reported a quarterly adjusted
loss of
1 cent​​ per share for the quarter ended in January, higher than
the same quarter last year, when the company reported EPS of -9
cents.  The mean expectation of two analysts for the quarter was
for a loss of 8 cents per share. 
    * Revenue fell 56.4% to $2.95 million from a year ago;
analysts
expected $3.28 million. 
    * Xcel Brands Inc's reported EPS for the quarter was 1
cent​.
    * The company reported quarterly net income of $195
thousand.
    * Xcel Brands Inc shares had risen by 23.1% this quarter and
lost 43.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 11.1%
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." 
    * The average consensus recommendation for the entertainment
production peer group is also "buy"

Wall Street's median 12-month price target for Xcel Brands Inc
is $2.75 
This summary was machine generated from LSEG data August 14 at
12:19 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      -0.08          -0.01          Beat
 Mar. 31 2024      -0.18          -0.09          Beat
 Dec. 31 2023      -0.25          -0.24          Beat
 Sep. 30 2023      -0.26          -0.15          Beat