Pet products provider Bark (NYSE:BARK) will be reporting earnings tomorrow after market hours. Here's what to look for.
Bark met analysts' revenue expectations last quarter, reporting revenues of $121.5 million, down 3.6% year on year. It was a weak quarter for the company, with revenue guidance for next quarter missing analysts' expectations.
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 5.2% year on year to $114.3 million, improving from the 8.1% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.04 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 three 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 17.7% year on year, beating analysts' expectations by 5.5%, and Mattel reported flat revenue, falling short of estimates by 1.8%. Hasbro traded up 7.4% following the results while Mattel was also up 9.7%.
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 flat over the last month. Bark is down 24.6% during the same time and is heading into earnings with an average analyst price target of $2.2 (compared to the current share price of $1.26).
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