Pet products provider Bark (NYSE: BARK) will be announcing earnings results this Monday before market open. Here’s what to look for.
Bark beat analysts’ revenue expectations by 2.8% last quarter, reporting revenues of $102.9 million, down 11.5% year on year. It was a softer quarter for the company, with a significant miss of analysts’ adjusted operating income estimates and EPS in line with analysts’ estimates.
Is Bark a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Bark’s revenue to decline 17.3% year on year to $104.3 million, a reversal from the 2.5% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.02 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Bark has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Bark’s peers in the toys and electronics segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Funko’s revenues decreased 14.3% year on year, missing analysts’ expectations by 4.2%, and Hasbro reported revenues up 8.3%, topping estimates by 3.2%. Funko traded up 10.3% following the results while Hasbro was also up 2.1%.
Read our full analysis of Funko’s results here and Hasbro’s results here.
Investors in the toys and electronics segment have had steady hands going into earnings, with share prices flat over the last month. Bark is up 10.2% during the same time and is heading into earnings with an average analyst price target of $2.33 (compared to the current share price of $0.85).
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