We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Insights Into Lovesac (LOVE) Q1: Wall Street Projections for Key Metrics
Read MoreHide Full Article
In its upcoming report, Lovesac (LOVE - Free Report) is predicted by Wall Street analysts to post quarterly loss of $0.99 per share, reflecting a decline of 253.6% compared to the same period last year. Revenues are forecasted to be $128.2 million, representing a year-over-year decrease of 9.2%.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
That said, let's delve into the average estimates of some Lovesac metrics that Wall Street analysts commonly model and monitor.
The consensus estimate for 'Net Sales- Other' stands at $13.54 million. The estimate indicates a year-over-year change of -22.2%.
The consensus among analysts is that 'Net Sales- Internet' will reach $36.61 million. The estimate indicates a year-over-year change of -9%.
The average prediction of analysts places 'Net Sales- Showrooms' at $78.01 million. The estimate suggests a change of -6.7% year over year.
The combined assessment of analysts suggests that 'Ending Showroom Count' will likely reach 239. The estimate is in contrast to the year-ago figure of 211.
Lovesac shares have witnessed a change of +4.2% in the past month, in contrast to the Zacks S&P 500 composite's +3.3% move. With a Zacks Rank #5 (Strong Sell), LOVE is expected underperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Insights Into Lovesac (LOVE) Q1: Wall Street Projections for Key Metrics
In its upcoming report, Lovesac (LOVE - Free Report) is predicted by Wall Street analysts to post quarterly loss of $0.99 per share, reflecting a decline of 253.6% compared to the same period last year. Revenues are forecasted to be $128.2 million, representing a year-over-year decrease of 9.2%.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
That said, let's delve into the average estimates of some Lovesac metrics that Wall Street analysts commonly model and monitor.
The consensus estimate for 'Net Sales- Other' stands at $13.54 million. The estimate indicates a year-over-year change of -22.2%.
The consensus among analysts is that 'Net Sales- Internet' will reach $36.61 million. The estimate indicates a year-over-year change of -9%.
The average prediction of analysts places 'Net Sales- Showrooms' at $78.01 million. The estimate suggests a change of -6.7% year over year.
The combined assessment of analysts suggests that 'Ending Showroom Count' will likely reach 239. The estimate is in contrast to the year-ago figure of 211.
View all Key Company Metrics for Lovesac here>>>
Lovesac shares have witnessed a change of +4.2% in the past month, in contrast to the Zacks S&P 500 composite's +3.3% move. With a Zacks Rank #5 (Strong Sell), LOVE is expected underperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>