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

XCel Brands

21/05/2024 21:37

* Xcel Brands Inc  XELB.OQ  reported a quarterly adjusted
loss
of 9 cents​​ per share for the quarter ended in March, higher
than the same quarter last year, when the company reported EPS
of -18 cents.  The mean expectation of two analysts for the
quarter was for a loss of 18 cents per share. 
    * Revenue fell 63.9% to $2.18 million from a year ago;
analysts
expected $2.20 million. 
    * Xcel Brands Inc's reported EPS for the quarter was a loss
of 31
cents​.
    * The company reported a quarterly loss of $6.29 million.
    * Xcel Brands Inc shares had fallen by 11.9% this
quarter and
lost 46.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 100%
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 $3.00 
This summary was machine generated from LSEG data May 21 at
08:37 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      -0.18          -0.09          Beat
 Dec. 31 2023      -0.25          -0.24          Beat
 Sep. 30 2023      -0.26          -0.15          Beat
 Jun. 30 2023      -0.13          -0.09          Beat