Can Lovesac (LOVE) Meet Expectations this Week?
April 12, 2021
Can Lovesac (LOVE) Meet Expectations this Week?
Lovesac (LOVE) is set to announce financial results for the 4th quarter and fiscal year ended 1/31, and Wall St. expects to see record revenue, estimating a +26% YoY gain.
Although Purchase Intent Mentions have shown immense strength throughout the past year, they’re showing weakness in the reporting quarter: -5% YoY.
Considering the robust uptrend in demand, it won’t be surprising to see LOVE deliver on sales this quarter, but guidance could become a detriment for the stock, which is trading near an all-time high. At -19, the current Earnings Score is slightly bearish, but not quite enough to justify a directional call from us this week.