Lovesac Co reports results for the quarter ended January 31 - Earnings Summary

• Lovesac Co LOVE.OQ reported quarterly adjusted earnings of $2.13​​ per share for the quarter ended January 31, higher than the same quarter last year, when the company reported EPS of $1.87. The mean expectation of six analysts for the quarter was for earnings of $1.87 per share. Wall Street expected results to range from $1.76 to $1.94 per share.

• Revenue fell 3.6% to $241.49 million from a year ago; analysts expected $233.95 million.

• Lovesac Co's reported EPS for the quarter was $2.13​.

• The company reported quarterly net income of $35.31 million.

• Lovesac Co shares had fallen by 12.4% this quarter and lost 32.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the home furnishings peer group is also "buy"

• Wall Street's median 12-month price target for Lovesac Co is $35.00

This summary was machine generated from LSEG data April 10 at 01:30 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)