Top Wall Street Forecasters Revamp Lovesac Expectations Ahead Of Q1 Earnings

Core Viewpoint - Lovesac shares increased by 5.1%, closing at $25.98, indicating positive market sentiment ahead of earnings release [2] Financial Performance - Analysts anticipate Lovesac will report a quarterly loss of $0.96 per share, compared to a loss of $0.28 per share in the same quarter last year [4] - Projected quarterly revenue for Lovesac is $128.07 million [4] - In the previous fourth quarter, Lovesac reported earnings per share of $1.87, which fell short of the analyst consensus of $1.93, and quarterly revenues of $250.507 million, missing the expected $265.323 million [4] Analyst Ratings - Roth MKM analyst Matt Koranda maintains a Buy rating with a price target of $30 [5] - Oppenheimer analyst Brian Nagel has an Outperform rating but reduced the price target from $60 to $35 [5] - Maxim Group analyst Tom Forte initiated coverage with a Buy rating and a price target of $36 [5] - Canaccord Genuity analyst Maria Ripps kept a Buy rating but lowered the price target from $44 to $36 [5] Upcoming Events - Lovesac is set to release its first-quarter earnings results before the market opens on Thursday [6]