Lovesac Sees Q3 Revenue Of $154M Vs. $153.35M Est; EPS Of $(0.20) - $(0.33) Vs. $0.03 Est.
Portfolio Pulse from Benzinga Newsdesk
Lovesac has projected its Q3 revenue to be $154M, slightly higher than the estimated $153.35M. However, the company expects its EPS to be between $(0.20) and $(0.33), significantly lower than the estimated $0.03.
November 03, 2023 | 11:09 am
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Lovesac's Q3 revenue projection is slightly higher than estimates, but its EPS is expected to be significantly lower than anticipated.
While Lovesac's projected Q3 revenue is slightly higher than estimates, which is positive, the expected EPS is significantly lower than anticipated. This could indicate potential profitability issues, which may negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100