Lovesac Expects Fy24 Diluted Income Per Common Share Of $1.35-$1.60 Versus Consensus Of $1.59
Portfolio Pulse from Benzinga Newsdesk
Lovesac, a furniture retailer, has provided guidance for its fiscal year 2024 diluted income per common share, expecting it to be in the range of $1.35 to $1.60. This forecast is in line with the consensus estimate of $1.59 per share.
December 06, 2023 | 12:06 pm
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Lovesac's FY24 EPS guidance range of $1.35-$1.60 is consistent with analyst expectations, indicating stable financial performance and potential investor confidence.
Lovesac's guidance for FY24 diluted EPS is closely aligned with the consensus estimates, which suggests that the company's financial outlook is in line with market expectations. This may not lead to significant stock price movement in the short term as there is no surprise element to the guidance. However, it does indicate that the company is performing as analysts expected, which could maintain investor confidence in the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100