Xcel Brands Inc reports results for the quarter ended December 31 - Earnings Summary

• Xcel Brands Inc XELB.OQ reported a quarterly adjusted loss of 69 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of $-2.40. The mean expectation of two analysts for the quarter was for a loss of 95 cents per share.

• Revenue fell 47.1% to $1.21 million from a year ago; analysts expected $1.90 million.

• Xcel Brands Inc's reported EPS for the quarter was a loss of $3.00​.

• The company reported a quarterly loss of $7.08 million.

• Xcel Brands Inc shares had fallen by 7.1% this quarter and lost 49.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 18.7% 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 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the entertainment production peer group is also "buy"

• Wall Street's median 12-month price target for Xcel Brands Inc is $17.50

This summary was machine generated from LSEG data May 28 at 02:32 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)