Top Wall Street Forecasters Revamp Lovesac Price Expectations Ahead Of Q2 Earnings
Portfolio Pulse from Avi Kapoor
Lovesac (NASDAQ:LOVE) is set to release its Q2 earnings on Sept. 12, with analysts expecting a loss of 44 cents per share. The company recently extended its credit facility and authorized a $40 million share repurchase. Analysts have mixed ratings, with price targets ranging from $32 to $36.
September 12, 2024 | 6:56 am
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Lovesac is expected to report a Q2 loss of 44 cents per share, a significant increase from last year's 4 cents loss. The company has extended its credit facility and announced a $40 million share repurchase program. Analysts have mixed ratings with price targets between $32 and $36.
The expected loss per share indicates potential financial challenges, but the credit extension and share repurchase could be seen as positive moves. Mixed analyst ratings suggest uncertainty in the stock's short-term direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100