Wall Street brokerages predict that Leaf Group Ltd (NASDAQ:LFGR) will announce earnings of ($0.36) per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Leaf Group’s earnings. The lowest EPS estimate is ($0.41) and the highest is ($0.30). Leaf Group posted earnings per share of ($0.32) during the same quarter last year, which indicates a negative year-over-year growth rate of 12.5%. The business is scheduled to announce its next 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 fiscal year, analysts forecast that the business will post earnings of ($1.27) per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Leaf Group.
Leaf Group (NASDAQ:LFGR) last released its quarterly earnings results on Thursday, May 4th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.31) by $0.19. Leaf Group had a negative net margin of 36.78% and a negative return on equity of 53.54%. The firm had revenue of $27.23 million during the quarter, compared to analyst estimates of $26.53 million. During the same period in the prior year, the business earned ($0.59) EPS. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year.
LFGR has been the topic of a number of research analyst reports. Zacks Investment Research cut shares of Leaf Group from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. B. Riley reissued a “buy” rating and set a $10.50 price objective on shares of Leaf Group in a research report on Friday, May 5th. Craig Hallum set a $12.00 price objective on shares of Leaf Group and gave the stock a “buy” rating in a research report on Saturday, June 17th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $8.00 price objective on shares of Leaf Group in a research report on Monday, March 27th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $10.04.
Leaf Group (NASDAQ LFGR) traded up 0.66% during mid-day trading on Friday, hitting $7.65. The company’s stock had a trading volume of 18,605 shares. The firm’s market cap is $154.09 million. Leaf Group has a 52-week low of $5.20 and a 52-week high of $9.35. The firm has a 50 day moving average of $8.10 and a 200-day moving average of $7.63.
Several institutional investors have recently added to or reduced their stakes in LFGR. Oak Management Corp bought a new position in Leaf Group during the fourth quarter worth about $29,390,000. Dimensional Fund Advisors LP boosted its position in shares of Leaf Group by 2.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,148,315 shares of the company’s stock valued at $8,612,000 after buying an additional 24,397 shares during the last quarter. Royce & Associates LP boosted its position in shares of Leaf Group by 1.4% in the first quarter. Royce & Associates LP now owns 967,216 shares of the company’s stock valued at $7,254,000 after buying an additional 13,193 shares during the last quarter. Punch & Associates Investment Management Inc. boosted its position in shares of Leaf Group by 1.5% in the first quarter. Punch & Associates Investment Management Inc. now owns 589,205 shares of the company’s stock valued at $4,419,000 after buying an additional 8,605 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust acquired a new position in shares of Leaf Group during the first quarter valued at $905,000.
Leaf Group Company Profile
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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