Analysts Anticipate Yogaworks Inc (YOGA) Will Announce Quarterly Sales of $14.77 Million
Wall Street analysts expect that Yogaworks Inc (NASDAQ:YOGA) will report $14.77 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Yogaworks’ earnings, with the lowest sales estimate coming in at $14.67 million and the highest estimate coming in at $14.87 million. Yogaworks reported sales of $14.87 million during the same quarter last year, which indicates a negative year-over-year growth rate of 0.7%. The business is scheduled to issue its next quarterly earnings report on Tuesday, August 13th.
On average, analysts expect that Yogaworks will report full year sales of $60.65 million for the current fiscal year, with estimates ranging from $60.34 million to $60.96 million. For the next financial year, analysts forecast that the company will post sales of $63.52 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Yogaworks.
Yogaworks (NASDAQ:YOGA) last released its quarterly earnings results on Wednesday, March 27th. The company reported ($0.65) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.28) by ($0.37). The business had revenue of $14.04 million for the quarter, compared to the consensus estimate of $13.96 million. Yogaworks had a negative return on equity of 121.97% and a negative net margin of 57.80%.
NASDAQ YOGA opened at $0.78 on Monday. The company has a market cap of $10.89 million, a P/E ratio of -0.36 and a beta of 1.65. Yogaworks has a one year low of $0.37 and a one year high of $2.39.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mount Vernon Associates Inc. MD bought a new stake in Yogaworks during the 1st quarter worth approximately $193,000. Hayden Royal LLC bought a new position in Yogaworks in the 1st quarter valued at $46,000. Finally, Wedbush Securities Inc. boosted its position in Yogaworks by 108.3% in the 1st quarter. Wedbush Securities Inc. now owns 47,026 shares of the company’s stock valued at $43,000 after buying an additional 24,447 shares during the last quarter. Institutional investors and hedge funds own 6.61% of the company’s stock.
YogaWorks, Inc operates yoga studios under the YogaWorks and Yoga Tree brand names in the United States. It primarily provides yoga classes, workshops, teacher training programs, and yoga-related retail merchandise. The company offers online yoga instruction and programming services through its MyYogaWorks Web platform.
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