Pet products provider Bark (NYSE: BARK) will be announcing earnings results tomorrow after market hours. Here’s what you need to know.
Bark met analysts’ revenue expectations last quarter, reporting revenues of $126.4 million, up 1.1% year on year. It was a slower quarter for the company, with full-year EBITDA guidance missing analysts’ expectations significantly and a significant miss of analysts’ adjusted operating income estimates. It reported 3,332 orders, down 4.9% year on year.
Is Bark a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Bark’s revenue to grow 5.5% year on year to $128.2 million, a reversal from the 3.6% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0 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 three times over the last two years.
Looking at Bark’s peers in the toys and electronics segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Hasbro delivered year-on-year revenue growth of 17.1%, beating analysts’ expectations by 14.8%, and Mattel reported revenues up 2.1%, topping estimates by 4.4%. Hasbro traded up 15.9% following the results while Mattel was also up 2.9%.
Read our full analysis of Hasbro’s results here and Mattel’s results here.
There has been positive sentiment among investors in the toys and electronics segment, with share prices up 3.9% on average over the last month. Bark is up 12.5% during the same time and is heading into earnings with an average analyst price target of $3 (compared to the current share price of $1.26).
When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.