Pet products provider Bark (NYSE: BARK) will be reporting results this Tuesday after market hours. Here’s what to look for.
Bark missed analysts’ revenue expectations last quarter, reporting revenues of $98.45 million, down 22.1% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ EBITDA estimates but a significant miss of analysts’ revenue estimates.
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 17.5% year on year, a further deceleration from the 5% decrease it recorded in the same quarter last year.
The majority of analysts covering the company have 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 - toys and electronics segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Hasbro delivered year-on-year revenue growth of 12.7%, beating analysts’ expectations by 3.8%, and Funko reported revenues up 5.3%, topping estimates by 6.4%. Hasbro traded down 7.3% following the results while Funko was up 17.9%.
Read our full analysis of Hasbro’s results here and Funko’s results here.
Investors in the consumer discretionary - toys and electronics segment have had steady hands going into earnings, with share prices up 1.5% on average over the last month. Bark is up 7.8% during the same time and is heading into earnings with an average analyst price target of $35 (compared to the current share price of $9.13).
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