LOVE - Lovesac is expected to see big swing after earnings tomorrow
Lovesac Company (NASDAQ:LOVE) is due to report earnings on March 29 with analysts expecting revenue of $174M and EPS of $0.58. Of note, shares of Lovesac soared after the retailer's last earnings report. Options trading on Lovesac (LOVE) suggests another big move up or down this time around as well. Wall Street bulls are confident on Lovesac (LOVE) ahead of the report. BTIG reiterated a Buy rating on Lovesac (LOVE) and price target of $113. Analyst Camilo Lyon: "We are positive on LOVE heading into its FQ4 earnings report on Tuesday, March 29 BMO. We are comfortable with our FQ4 revenue estimate of $175M / +35% (vs. consensus of $174M / +34%) and EPS estimate of $0.64 (vs. consensus of $0.54) as our checks indicate demand was strong for LoveSac despite a volatile macro backdrop. We also believe demand has remained solid through early FQ1 as the company leverages its in-stock
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Lovesac is expected to see big swing after earnings tomorrow