Pet products provider Bark (NYSE:BARK) will be announcing earnings results this Thursday after market hours. Here’s what to look for.
Bark beat analysts’ revenue expectations by 2.6% last quarter, reporting revenues of $107 million, down 15.2% year on year. It was a softer quarter for the company, with a significant miss of analysts’ adjusted operating income estimates and a significant miss of analysts’ EBITDA estimates.
Is Bark a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Bark’s revenue to decline 18.8% year on year to $102.7 million, a reversal from the 1.1% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.04 per share.
Analysts covering the company have generally 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 twice over the last two years.
Looking at Bark’s peers in the consumer discretionary segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Apple delivered year-on-year revenue growth of 15.7%, beating analysts’ expectations by 4.1%, and Deckers reported revenues up 7.1%, topping estimates by 4.7%. Apple’s stock price was unchanged after the resultswhile Deckers was up 19.2%.
Read our full analysis of Apple’s results here and Deckers’s results here.
Investors in the consumer discretionary segment have had fairly steady hands going into earnings, with share prices down 1.4% on average over the last month. Bark is up 46.6% 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 $0.85).
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