Market Overview

Preview: Lovesac's Earnings

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Lovesac (NASDAQ: LOVE) unveils its next round of earnings this Wednesday, September 09. Get prepared with Benzinga's ultimate preview for Lovesac's Q2 earnings.

Earnings and Revenue

Sell-side analysts are expecting Lovesac's loss per share to be near $0.48 on sales of $52.35 million. In the same quarter last year, Lovesac reported a loss per share of $0.31 on sales of $48.15 million. If the company were to report inline earnings when it publishes results Wednesday, quarterly profit would be down 54.84%. Lovesac's reported EPS has stacked up against analyst estimates in the past like this:

Quarter Q1 2020 Q4 2020 Q3 2019 Q2 2019
EPS Estimate -0.67 0.33 -0.43 -0.50
EPS Actual -0.58 0.37 -0.46 -0.31
Revenue Estimate 47.20 M 90.64 M 54.29 M 47.70 M
Revenue Actual 54.37 M 92.17 M 52.10 M 48.15 M

Stock Performance

Over the last 52-week period, shares are up 38.24%. Given that these returns are generally positive, long-term shareholders are probably happy going into this earnings release.

Don't be surprised to see the stock move on comments made during its conference call. Lovesac is scheduled to hold the call at 08:30:00 ET and can be accessed here: http://public.viavid.com/player/index.php?id=141124

 

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Posted-In: Earnings