In This Article:
Furniture company Lovesac (NASDAQ:LOVE) will be reporting results tomorrow before market hours. Here’s what you need to know.
Lovesac missed analysts’ revenue expectations by 3.5% last quarter, reporting revenues of $149.9 million, down 2.7% year on year. It was a slower quarter for the company, with full-year EBITDA guidance missing analysts’ expectations.
Is Lovesac a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Lovesac’s revenue to decline 8.1% year on year to $230.2 million, a reversal from the 5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.85 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Lovesac has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Lovesac’s peers in the consumer discretionary segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Purple’s revenues decreased 11.6% year on year, meeting analysts’ expectations, and The Real Brokerage reported revenues up 93.4%, topping estimates by 16.8%. Purple traded up 35.6% following the results while The Real Brokerage was down 8.9%.
Read our full analysis of Purple’s results here and The Real Brokerage’s results here.
When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.
