Pet products provider Bark (NYSE: BARK) will be announcing earnings results this Thursday after market close. Here’s what to look for.
Bark missed analysts’ revenue expectations last quarter, reporting revenues of $86.57 million, down 25% year on year. It was a slower quarter for the company, with revenue guidance for next quarter missing analysts’ expectations significantly.
Is Bark a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Bark’s revenue to decline 23.9% year on year, a further deceleration from the 11.5% decrease it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Bark has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Bark’s peers in the consumer discretionary segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Hasbro delivered year-on-year revenue growth of 16.2%, beating analysts’ expectations by 6.6%, and Mattel reported revenues up 10.5%, topping estimates by 2.4%. Hasbro traded up 9.1% following the results.
Read our full analysis of Hasbro’s results here and Mattel’s results here.
Investors in the consumer discretionary segment have had steady hands going into earnings, with share prices up 1.2% on average over the last month. Bark is down 10.5% during the same time and is heading into earnings with an average analyst price target of $29 (compared to the current share price of $9.29).
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