Pet products provider Bark (NYSE:BARK) will be reporting results tomorrow after the bell. Here’s what you need to know.
Bark beat analysts’ revenue expectations by 1% last quarter, reporting revenues of $126.1 million, up 2.5% year on year. It was a mixed quarter for the company, with a significant miss of analysts’ adjusted operating income estimates. It reported 3,270 orders, down 2.7% year on year.
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 grow 1.1% year on year to $126.4 million, a reversal from the 6.9% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.02 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 three times 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. VF Corp delivered year-on-year revenue growth of 1.9%, beating analysts’ expectations by 1.2%, and Malibu Boats reported a revenue decline of 5.1%, topping estimates by 4.8%. VF Corp traded up 1.4% following the results while Malibu Boats’s stock price was unchanged.
Read our full analysis of VF Corp’s results here and Malibu Boats’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 6.1% during the same time and is heading into earnings with an average analyst price target of $3 (compared to the current share price of $1.86).
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