Lovesac Earnings: What To Look For From LOVE
Stock Story
Published Apr 10, 2024 03:01AM ET
Updated Apr 10, 2024 08:00AM ET
Lovesac Earnings: What To Look For From LOVE
Furniture company Lovesac (NASDAQ:LOVE) will be reporting earnings tomorrow before the bell. Here's what investors should know.
Last quarter Lovesac reported revenues of $154 million, up 14.3% year on year, in line with analyst expectations. It was a good quarter for the company, with a decent beat of analysts' EPS estimates.
Is Lovesac buy or sell heading into the earnings? Find out by reading the original article on StockStory.
This quarter analysts are expecting Lovesac's revenue to grow 10.7% year on year to $264.4 million, slowing down from the 21.7% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.90 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company has a history of exceeding Wall St's expectations, beating revenue estimates every single time over the past two years on average by 6.9%.
Looking at Lovesac's peers in the consumer discretionary segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Strategic Education (NASDAQ:STRA) delivered top-line growth of 12.1% year on year, beating analyst estimates by 1.8% and Accel Entertainment (NYSE:ACEL) reported revenues up 6.8% year on year, exceeding estimates by 4.2%. Strategic Education traded up .1% on the results, and Accel Entertainment was flat on the results.
Read the full analysis of Strategic Education's and Accel Entertainment's results on StockStory.
Investors in the consumer discretionary segment have had steady hands going into the earnings, with the stocks up on average 0.3% over the last month. Lovesac is up 12% during the same time, and is heading into the earnings with analyst price target of $41.4, compared to share price of $24.7.
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Written By: Stock Story
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