Pet products provider Bark (NYSE:BARK) will be announcing earnings results this Thursday before market open. Here’s what to expect.
Bark missed analysts’ revenue expectations by 9.9% last quarter, reporting revenues of $115.4 million, down 5% year on year. It was a mixed quarter for the company, with a solid beat of analysts’ EPS estimates but a significant miss of analysts’ adjusted operating income estimates.
Is Bark a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Bark’s revenue to decline 13.9% year on year to $100.1 million, a further deceleration from the 3.6% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.02 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Bark has missed Wall Street’s revenue estimates four 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’s revenues decreased 1.5% year on year, beating analysts’ expectations by 11.2%, and Mattel reported a revenue decline of 5.7%, falling short of estimates by 3.2%. Hasbro traded down 3.3% following the results while Mattel was also down 16.4%.
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 1.6% on average over the last month. Bark is down 3% during the same time and is heading into earnings with an average analyst price target of $2.33 (compared to the current share price of $0.88).
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