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Benzinga
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Top Wall Street Forecasters Revamp Lovesac Expectations Ahead Of Q2 Earnings

1. Lovesac will report earnings on Sept. 11, expecting a larger loss than last year. 2. Projected revenue of $160.42 million is slightly above last year's $156.59 million. 3. Shares dropped 0.8%, closing at $19.30 before the earnings report. 4. Analysts maintain varied buy ratings, with targets ranging from $24 to $35. 5. New board member appointed, which may influence strategic decisions.

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FAQ

Why Bearish?

The expected loss is significantly larger than last year's result, which suggests weakening performance. Historically, larger losses can lead to share price declines as investors react negatively.

How important is it?

The earnings report is critical for short-term investor decisions, impacting immediate stock sentiment and potentially leading to further price declines given the loss forecast.

Why Short Term?

The immediate impact will stem from the upcoming earnings report, affecting short-term investor sentiment. However, improvements in long-term business metrics could stabilize price in future quarters.

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