Top Wall Street Forecasters Revamp Lovesac Expectations Ahead Of Q1 Earnings

The Lovesac Company LOVE will release earnings results for its first quarter, before the opening bell on Thursday.

Analysts expect the Stamford, Connecticut-based company to report a quarterly loss at 96 cents per share, versus a year-ago loss of 28 cents per share. Lovesac is projected to post quarterly revenue of $128.07 million, according to data from Benzinga Pro.

On April 11, the company reported fourth-quarter earnings per share of $1.87, missing the analyst consensus of $1.93. Quarterly revenues of $250.507 million missed the street view of $265.323 million.

Lovesac shares rose 5.1% to close at $25.98 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

  • Roth MKM analyst Matt Koranda reiterated a Buy rating with a price target of $30 on June 11. This analyst has an accuracy rate of 67%.
  • Oppenheimer analyst Brian Nagel maintained an Outperform rating and cut the price target from $60 to $35 on May 1. This analyst has an accuracy rate of 70%.
  • Maxim Group analyst Tom Forte initiated coverage on the stock with a Buy rating and a price target of $36 on April 17. This analyst has an accuracy rate of 79%.
  • Canaccord Genuity analyst Maria Ripps maintained a Buy rating and cut the price target from $44 to $36 on April 12. This analyst has an accuracy rate of 71%.

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