Lakeland Industries Inc <LAKE.O>: Profits of 19 cents announced for third quarter

Published on December 08, 2022 02:01 PM PST

Lakeland Industries Inc <LAKE.O>: Profits of 19 cents announced for third quarter — Image source: ©2022 Kalkine Media®

8 December 2022 10:01 p.m. All figures in US dollars. The profits announced by Lakeland Industries Inc in the third quarter were lower than the Refinitiv mean estimate of profits. The company reported profits of 19 cents per share, 16 cents lower than the same quarter last year when the company reported EPS of 35 cents. Profits of 29 cents per share were anticipated by the two analysts providing estimates for the quarter. Wall Street expected results to range from 26 cents to 32 cents per share, with a forecasted mean of 29 cents per share. The company reported revenue of $28.39 million, which is lower than the estimated $29.76 million. RECOMMENDATIONS * The consensus recommendation for the company is "Buy". * The average consensus recommendation for the apparel & accessories peer group is also "Buy". FORECAST CHANGES * Two analysts are currently providing Refinitiv with estimates. * In the last week there have been no earnings estimate revisions by analysts covering the company. There was no change to the number of estimates. YEAR OVER YEAR * The company reported a fall in revenue to $28.39 million from $30.03 million in the same quarter last year. * Previous quarterly performance (using earnings preferred measure) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET, MISSED Jul. 31 2022 0.27 0.14 Missed Apr. 30 2022 0.24 0.14 Missed Jan. 31 2022 0.37 0.17 Missed Oct. 31 2021 0.34 0.35 Beat This summary was machine generated from Refinitiv data December 8 at 10:01 p.m.

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