JOANN Likely To Post Wider Q2 Loss; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
JOANN Inc. (NASDAQ:JOAN) is expected to report a wider loss for Q2 fiscal 2024, with analysts predicting a loss of $1.12 per share, compared to a loss of 75 cents per share in the same period last year. The company's revenue is expected to be $438.66 million, down from $463.3 million in the year-ago period. JOANN shares fell 5.4% to close at $1.06 on Friday. Analysts from Piper Sandler, B of A Securities, and Wells Fargo have recently adjusted their price targets for JOAN.
August 28, 2023 | 1:42 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
JOANN Inc. is expected to report a wider Q2 loss, with a predicted loss of $1.12 per share. The company's shares fell 5.4% recently, and analysts have adjusted their price targets.
The expected wider loss for JOANN Inc. in Q2, along with a decrease in revenue, is likely to negatively impact the company's stock price. The recent drop in share price and the downward adjustment of price targets by analysts further support this prediction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100