Brokerages forecast that Leaf Group Ltd (NASDAQ:LFGR) will post ($0.36) earnings per share for the current quarter, Zacks reports. Four analysts have issued estimates for Leaf Group’s earnings. The highest EPS estimate is ($0.30) and the lowest is ($0.41). Leaf Group posted earnings of ($0.32) per share during the same quarter last year, which indicates a negative year-over-year growth rate of 12.5%. The company is scheduled to issue its next quarterly earnings report on Thursday, August 3rd.
On average, analysts expect that Leaf Group will report full-year earnings of ($1.45) per share for the current fiscal year. For the next year, analysts forecast that the company will post earnings of ($1.27) per share. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Leaf Group.
Leaf Group (NASDAQ:LFGR) last announced its earnings results on Thursday, May 4th. The company reported ($0.50) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.31) by $0.19. The business had revenue of $27.23 million for the quarter, compared to analyst estimates of $26.53 million. Leaf Group had a negative return on equity of 53.54% and a negative net margin of 36.78%. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.59) earnings per share.
A number of equities analysts have recently weighed in on LFGR shares. B. Riley reissued a “buy” rating and issued a $9.00 price target on shares of Leaf Group in a report on Wednesday, February 22nd. Roth Capital set a $10.00 price target on Leaf Group and gave the stock a “buy” rating in a report on Saturday, February 25th. Zacks Investment Research raised Leaf Group from a “hold” rating to a “buy” rating and set a $8.75 price target for the company in a report on Wednesday, March 1st. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $8.00 price target on shares of Leaf Group in a report on Monday, March 27th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. Leaf Group presently has a consensus rating of “Hold” and a consensus target price of $9.45.
Leaf Group (NASDAQ LFGR) remained flat at $8.00 on Tuesday. 23,787 shares of the company’s stock were exchanged. Leaf Group has a 52-week low of $5.10 and a 52-week high of $9.35. The company’s 50-day moving average price is $8.24 and its 200-day moving average price is $7.56. The company’s market capitalization is $159.53 million.
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Institutional investors have recently added to or reduced their stakes in the company. Integral Derivatives LLC bought a new position in Leaf Group during the fourth quarter worth $177,000. Oak Management Corp bought a new position in Leaf Group during the fourth quarter worth $29,390,000. Punch & Associates Investment Management Inc. boosted its position in Leaf Group by 1.5% in the first quarter. Punch & Associates Investment Management Inc. now owns 589,205 shares of the company’s stock worth $4,419,000 after buying an additional 8,605 shares during the period. Emerald Mutual Fund Advisers Trust bought a new position in Leaf Group during the first quarter worth $905,000. Finally, Royce & Associates LP boosted its position in Leaf Group by 1.4% in the first quarter. Royce & Associates LP now owns 967,216 shares of the company’s stock worth $7,254,000 after buying an additional 13,193 shares during the period.
About Leaf Group
Leaf Group Ltd., formerly Demand Media, Inc, is diversified Internet marketplaces and media company. The Company has online media properties and marketplace platforms that enable communities of creators to reach audiences in lifestyle categories. The Company operates an online studio platform for the professional creation and distribution of content, as well as two online artist marketplaces.
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