Lands’ End (NASDAQ:LE) Releases Q3 2024 Earnings Guidance

Lands’ End (NASDAQ:LE) issued an update on its third quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.000-0.100 for the period, compared to the consensus estimate of 0.040. The company issued revenue guidance of $300.0 million-$340.0 million, compared to the consensus revenue estimate of $312.8 million. Lands’ End also updated its FY 2024 guidance to 0.290-0.480 EPS.

Lands’ End Price Performance

NASDAQ LE opened at $14.98 on Friday. Lands’ End has a 12 month low of $5.98 and a 12 month high of $18.27. The stock has a market cap of $470.46 million, a price-to-earnings ratio of -3.37 and a beta of 2.84. The company’s 50 day moving average is $15.47 and its two-hundred day moving average is $13.28. The company has a current ratio of 1.85, a quick ratio of 0.53 and a debt-to-equity ratio of 1.16.

Lands’ End (NASDAQ:LE) last released its earnings results on Wednesday, June 5th. The company reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.07. Lands’ End had a negative net margin of 9.35% and a negative return on equity of 3.57%. The company had revenue of $285.47 million for the quarter, compared to analysts’ expectations of $271.60 million. As a group, research analysts anticipate that Lands’ End will post 0.3 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. StockNews.com cut shares of Lands’ End from a buy rating to a hold rating in a research report on Thursday, June 13th. Craig Hallum raised their target price on shares of Lands’ End from $15.00 to $20.00 and gave the company a buy rating in a report on Thursday, May 16th.

Lands’ End Company Profile

Lands' End, Inc operates as a digital retailer of casual clothing, swimwear, outerwear, accessories, footwear, and home products in the United States, Europe, Asia, and internationally. It operates through U.S. eCommerce, International, Outfitters, Third Party, and Retail segments. The company also sells uniform and logo apparel.