Lifetime Brands Inc reports results for the quarter ended June 30 - Earnings Summary

• Lifetime Brands Inc LCUT.OQ reported a quarterly adjusted loss of 50 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -3 cents. The mean expectation of two analysts for the quarter was for a loss of 13 cents per share. Wall Street expected results to range from -17 cents to -10 cents per share.

• Revenue fell 6.9% to $131.86 million from a year ago; analysts expected $138.11 million.

• Lifetime Brands Inc's reported EPS for the quarter was a loss of $1.83​.

• The company reported a quarterly loss of $39.7 million.

• Lifetime Brands Inc shares had fallen by 18.0% this quarter and lost 29.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 12.5% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

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 appliances, tools & housewares peer group is "hold."

• Wall Street's median 12-month price target for Lifetime Brands Inc is $6.50, about 35.7% above its last closing price of $4.18

This summary was machine generated from LSEG data August 7 at 05:36 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)