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A.k.a. Brands (AKA) Reports Q4 Loss, Misses Revenue Estimates
a.k.a. Brands a.k.a. Brands (US:AKA) Zacks Investment Researchยท2024-03-08 00:06

Company Performance - A.k.a. Brands reported a quarterly loss of $1.31 per share, significantly worse than the Zacks Consensus Estimate of a loss of $0.46, and compared to a loss of $0.36 per share a year ago, indicating a negative earnings surprise of -184.78% [1] - The company's revenues for the quarter ended December 2023 were $148.91 million, missing the Zacks Consensus Estimate by 3.56%, and slightly down from $149.13 million in the same quarter last year [1] - Over the last four quarters, A.k.a. Brands has not surpassed consensus EPS estimates, and it has topped consensus revenue estimates only twice [1] Stock Performance - A.k.a. Brands shares have increased by approximately 51.6% since the beginning of the year, outperforming the S&P 500, which gained 7% [2] - The future performance of A.k.a. Brands' stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.24 on revenues of $127.5 million, and for the current fiscal year, it is -$0.77 on revenues of $586.6 million [4] - The estimate revisions trend for A.k.a. Brands is mixed, resulting in a Zacks Rank 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [3] Industry Context - The Retail - Apparel and Shoes industry, to which A.k.a. Brands belongs, is currently ranked in the bottom 39% of over 250 Zacks industries, suggesting potential challenges ahead [4] - Zumiez, another company in the same industry, is expected to report quarterly earnings soon, with a consensus EPS estimate of $0.26, reflecting a year-over-year decline of -55.9% [5]