Company Performance - Lifetime Brands reported a quarterly loss of $0.03 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.02, marking a 50% earnings surprise [1] - The company posted revenues of $141.67 million for the quarter ended June 2024, exceeding the Zacks Consensus Estimate by 238.11%, although this represents a decline from year-ago revenues of $146.44 million [2] - Over the last four quarters, Lifetime Brands has surpassed consensus EPS estimates only once and has topped consensus revenue estimates two times [2] Stock Outlook - The stock has gained approximately 8.4% since the beginning of the year, compared to the S&P 500's gain of 9% [3] - The current consensus EPS estimate for the upcoming quarter is $0.35 on revenues of $195.12 million, and for the current fiscal year, it is $0.65 on revenues of $689.71 million [7] Industry Context - The Consumer Products - Discretionary industry, to which Lifetime Brands belongs, is currently in the bottom 25% of over 250 Zacks industries, indicating a challenging environment [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Lifetime Brands' stock performance [5][6]

GARDEN CITY, N.Y., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Lifetime Brands, Inc. (NASDAQ:LCUT), a leading global designer, developer and marketer of a broad range of branded consumer products used in the home, will release its second quarter financial results at 7:00 a.m. (Eastern Time) on Thursday, August 8, 2024. The Company has scheduled a conference call for 11:00 a.m., at which time Chief Executive Officer Rob Kay and Chief Financial Officer Larry Winoker will discuss the Company's financial results and will ...

Lifetime Brands (LCUT) shares ended the last trading session 5.9% higher at $8.62. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 24.4% loss over the past four weeks. For Lifetime Brands, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an ...

Investors might want to bet on Lifetime Brands (LCUT) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system ...

On a non-binding advisory basis, stockholders approved the 2023 compensation of the Company's named executive officers and a one-year frequency with which stockholders are provided an advisory vote on executive compensation. The stockholders also approved an amendment and restatement of the Company's Amended and Restated 2000 Long-Term Incentive Plan. Separately, on Thursday, June 20, 2024, Lifetime's Board of Directors declared a quarterly cash dividend of $0.0425 per share payable on August 15, 2024 to st ...

GARDEN CITY, N.Y., June 21, 2024 (GLOBE NEWSWIRE) -- Lifetime Brands, Inc. (Nasdaq: LCUT), a leading global provider of branded kitchenware, tableware and other products used in the home, announced the results of the votes taken at the Company's 2024 Annual Meeting of Stockholders held Thursday, June 20, 2024. Joele Frank, Wilkinson Brimmer Katcher Ed Trissel / T.J. O'Sullivan / Carly King 212-355-4449 The stockholders elected the following directors to serve until the next Annual Meeting of Stockholders: O ...

For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Lifetime Brands (LCUT) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Discretionary sector should help us answer this question. Lifetime Brands is one of 283 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #9 within the Zacks ...

The average comprises three short-term price targets ranging from a low of $12 to a high of $15, with a standard deviation of $1.50. While the lowest estimate indicates an increase of 12.9% from the current price level, the most optimistic estimate points to a 41.1% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts. Here's What You Should Know About An ...

Investors with an interest in Consumer Products - Discretionary stocks have likely encountered both Lifetime Brands (LCUT) and VIZIO Holding Corp. (VZIO) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look. There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank f ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tried-and-true metrics an ...