Hour Loop (NASDAQ:HOUR) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Hour Loop (NASDAQ:HOUR) announced its earnings results on Thursday. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.02), FiscalAI reports. Hour Loop had a return on equity of 22.31% and a net margin of 1.14%. The business had revenue of $32.08 million for the quarter, compared to analyst estimates of $29.66 million.

Hour Loop Stock Down 4.9%

Shares of NASDAQ HOUR opened at $1.56 on Friday. The firm has a 50-day simple moving average of $1.72 and a 200-day simple moving average of $1.88. The stock has a market capitalization of $54.91 million, a price-to-earnings ratio of 39.01 and a beta of 1.41. Hour Loop has a 52 week low of $1.44 and a 52 week high of $3.18.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of Hour Loop from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, October 23rd. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Hour Loop Company Profile

Hour Loop, Inc. is an e-commerce company that sells consumer products through online marketplaces and digital retail channels. The company’s merchandise includes items across categories such as home and kitchen, toys, apparel, beauty and personal care, pet supplies, and other everyday consumer goods. Hour Loop primarily reaches customers through third-party platforms, including Amazon and other major online marketplaces. Its business model involves identifying consumer demand, developing or sourcing products, managing inventory and fulfillment, and marketing merchandise through online channels.