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A.k.a. Brands (AKA) Reports Q3 Loss, Tops Revenue Estimates
AKAa.k.a. Brands (AKA) ZACKS·2024-11-07 23:46

Group 1 - A.k.a. Brands reported a quarterly loss of 0.37pershare,significantlyworsethantheZacksConsensusEstimateof0.37 per share, significantly worse than the Zacks Consensus Estimate of 0.07, representing an earnings surprise of -628.57% [1] - The company posted revenues of 149.9millionforthequarterendedSeptember2024,exceedingtheZacksConsensusEstimateby5.57149.9 million for the quarter ended September 2024, exceeding the Zacks Consensus Estimate by 5.57%, and showing an increase from 140.83 million year-over-year [2] - A.k.a. Brands has surpassed consensus revenue estimates three times over the last four quarters, indicating a positive trend in revenue performance [2] Group 2 - The stock has increased approximately 206.1% since the beginning of the year, outperforming the S&P 500's gain of 24.3% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the upcoming quarter is 0.12onrevenuesof0.12 on revenues of 153.6 million, while for the current fiscal year, the estimate is -0.89onrevenuesof0.89 on revenues of 554.55 million [7] Group 3 - The Zacks Industry Rank places the Retail - Apparel and Shoes sector in the bottom 41% of over 250 Zacks industries, suggesting potential challenges for stocks in this category [8] - A.k.a. Brands currently holds a Zacks Rank 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6]