Lifetime Brands (LCUT) Reports Q2 Loss, Tops Revenue Estimates

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]