Lands’ End (NASDAQ:LE) Issues Q4 2024 Earnings Guidance

Lands’ End (NASDAQ:LE) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.510-0.610 for the period, compared to the consensus earnings per share estimate of 0.550. The company issued revenue guidance of $440.0 million-$480.0 million, compared to the consensus revenue estimate of $484.4 million. Lands’ End also updated its FY 2024 guidance to 0.350-0.450 EPS.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Lands’ End from a “hold” rating to a “buy” rating in a research report on Friday, September 6th.

Lands’ End Stock Down 13.9 %

Shares of LE traded down $2.24 on Thursday, hitting $13.85. The company’s stock had a trading volume of 245,769 shares, compared to its average volume of 108,181. The firm’s fifty day moving average price is $16.42 and its 200-day moving average price is $15.46. Lands’ End has a fifty-two week low of $7.31 and a fifty-two week high of $19.88. The company has a quick ratio of 0.41, a current ratio of 1.64 and a debt-to-equity ratio of 1.10. The firm has a market capitalization of $431.98 million, a price-to-earnings ratio of -3.41 and a beta of 2.76.

Lands’ End (NASDAQ:LE) last posted its quarterly earnings data on Thursday, September 5th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.08. The business had revenue of $317.17 million for the quarter, compared to analysts’ expectations of $306.00 million. Lands’ End had a negative net margin of 9.20% and a negative return on equity of 1.03%. On average, equities research analysts expect that Lands’ End will post 0.37 EPS for the current year.

About Lands’ End

Lands’ End, Inc operates as a digital retailer of apparel, swimwear, outerwear, accessories, footwear, home products, and uniform 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.