Factors Likely to Have Influenced Earnings Results Lovesac (NASDAQ:LOVE)

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Earnings results for Lovesac (NASDAQ:LOVE)

The Lovesac Company is expected* to report earnings on 09/09/2020 before market open. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 3 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.55. The reported EPS for the same quarter last year was $-0.31.

Lovesac last posted its quarterly earnings data on June 9th, 2020. The reported ($0.58) EPS for the quarter, topping the consensus estimate of ($0.69) by $0.11. The firm had revenue of $54.40 million for the quarter, compared to analyst estimates of $47.20 million. Its revenue was up 32.7% on a year-over-year basis. Lovesac has generated ($1.04) earnings per share over the last year. Lovesac has confirmed that its next quarterly earnings report will be published on Wednesday, September 9th, 2020.

Analyst Opinion on Lovesac (NASDAQ:LOVE)

8 Wall Street analysts have issued ratings and price targets for Lovesac in the last 12 months. Their average twelve-month price target is $31.25, predicting that the stock has a possible upside of 1.07%. The high price target for LOVE is $37.00 and the low price target for LOVE is $25.00. There are currently 8 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Lovesac has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 8 buy ratings, no hold ratings, and no sell ratings. According to analysts’ consensus price target of $31.25, Lovesac has a forecasted upside of 1.1% from its current price of $30.92. Lovesac has only been the subject of 4 research reports in the past 90 days.

Dividend Strength: Lovesac (NASDAQ:LOVE)

Lovesac does not currently pay a dividend. Lovesac does not have a long track record of dividend growth.

Insiders buying/selling: Lovesac (NASDAQ:LOVE)

In the past three months, Lovesac insiders have not sold or bought any company stock. Only 31.31% of the stock of Lovesac is held by insiders. 77.08% of the stock of Lovesac is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Lovesac (NASDAQ:LOVE

Earnings for Lovesac are expected to grow in the coming year, from ($0.82) to $0.21 per share. The P/E ratio of Lovesac is -30.92, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Lovesac is -30.92, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Lovesac has a P/B Ratio of 4.99. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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