Lakeland Industries, Inc. Just Recorded A 274% EPS Beat: Here's What Analysts Are Forecasting Next
NASDAQ:LAKE) defied analyst predictions to release its quarterly results, which were ahead of market expectations. It was a solid earnings report, with revenues and statutory earnings per share (EPS) both coming in strong. Revenues were 15% higher than the analysts had forecast, at US$35m, while EPS were US$1.16 beating analyst models by 274%. This is an important time for investors, as they can track a company’s performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.” data-reactid=”28″>Lakeland Industries, Inc. (NASDAQ:LAKE) defied analyst predictions to release its quarterly results, which were ahead of market expectations. It was a solid earnings report, with revenues and statutory earnings per share (EPS) both coming in strong. Revenues were 15% higher than the analysts had forecast, at US$35m, while EPS were US$1.16 beating analyst models by 274%. This is an important time for investors, as they can track a company’s performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.
Check out our latest analysis for Lakeland Industries ” data-reactid=”29″> Check out our latest analysis for Lakeland Industries
Taking into account the latest results, the current consensus from Lakeland Industries’ two analysts is for revenues of US$148.4m in 2021, which would reflect a decent 8.9% increase on its sales over the past 12 months. Statutory earnings per share are predicted to bounce 26% to US$3.20. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$149.1m and earnings per share (EPS) of US$2.02 in 2021. There was no real change to the revenue estimates, but the analysts do seem more bullish on earnings, given the considerable lift to earnings per share expectations following these results.
There’s been no major changes to the consensus price target of US$27.50, suggesting that the improved earnings per share outlook is not enough to have a long-term positive impact on the stock’s valuation.
Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. The analysts are definitely expecting Lakeland Industries’ growth to accelerate, with the forecast 8.9% growth ranking favourably alongside historical growth of 4.8% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 9.7% next year. Lakeland Industries is expected to grow at about the same rate as its industry, so it’s not clear that we can draw any conclusions from its growth relative to competitors.
The Bottom Line
The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Lakeland Industries following these results. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.
on our platform here.” data-reactid=”51″>Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At least one analyst has provided forecasts out to 2022, which can be seen for free on our platform here.
3 warning signs for Lakeland Industries (of which 1 is potentially serious!) you should know about.” data-reactid=”52″>And what about risks? Every company has them, and we’ve spotted 3 warning signs for Lakeland Industries (of which 1 is potentially serious!) you should know about.
Get in touch with us directly. Alternatively, email [email protected].” data-reactid=”53″>This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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