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

XCel Brands

20/11/2023 22:52

* Xcel Brands Inc  XELB.OQ  reported a quarterly adjusted
loss
of 15 cents​​ per share for the quarter ended in September,
higher than the same quarter last year, when the company
reported EPS of -17 cents.  The mean expectation of two analysts
for the quarter was for a loss of 26 cents per share. 
    * Revenue fell 41.4% to $2.64 million from a year ago;
analysts
expected $2.64 million. 
    * Xcel Brands Inc's reported EPS for the quarter was a loss
of 26
cents​.
    * The company reported a quarterly loss of $5.14 million.
    * Xcel Brands Inc shares had fallen by 14.3% this
quarter and
gained 28.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 225%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 $4.25 
This summary was machine generated from LSEG data November 20 at
10:52 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -0.26          -0.15          Beat
 Jun. 30 2023      -0.13          -0.09          Beat
 Mar. 31 2023      -0.17          -0.18          Missed
 Dec. 31 2022      -0.20          -0.32          Missed