Lovesac Sees FY24 EPS Of $1.21 - $1.75 Vs. $1.93 Est.
Portfolio Pulse from Benzinga Newsdesk
Lovesac has projected its FY24 earnings per share (EPS) to be between $1.21 and $1.75, which is lower than the estimated $1.93.
November 03, 2023 | 11:07 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Lovesac's lower than expected FY24 EPS forecast could negatively impact its stock price in the short term.
Investors often use earnings forecasts as an indicator of a company's future performance. Lovesac's lower than expected EPS forecast for FY24 could lead to a decrease in investor confidence, potentially causing a short-term dip in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100