Yogaworks Inc (YOGA) Expected to Announce Earnings of -$0.23 Per Share

Wall Street analysts forecast that Yogaworks Inc (NASDAQ:YOGA) will post earnings of ($0.23) per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Yogaworks’ earnings. The lowest EPS estimate is ($0.25) and the highest is ($0.20). Yogaworks posted earnings of ($0.35) per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 34.3%. The business is expected to issue its next quarterly earnings report on Thursday, September 20th.

According to Zacks, analysts expect that Yogaworks will report full-year earnings of ($0.79) per share for the current year, with EPS estimates ranging from ($0.85) to ($0.70). For the next financial year, analysts expect that the business will report earnings of ($0.69) per share, with EPS estimates ranging from ($0.78) to ($0.58). Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover Yogaworks.

Yogaworks (NASDAQ:YOGA) last released its earnings results on Monday, May 14th. The company reported ($0.21) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.01. Yogaworks had a negative net margin of 44.22% and a negative return on equity of 45.47%. The firm had revenue of $15.53 million during the quarter, compared to the consensus estimate of $15.09 million.

YOGA has been the subject of a number of recent analyst reports. Guggenheim restated a “buy” rating and issued a $5.50 target price on shares of Yogaworks in a report on Tuesday, April 3rd. DA Davidson restated a “hold” rating and issued a $3.00 target price on shares of Yogaworks in a report on Monday, May 7th. Finally, ValuEngine upgraded shares of Yogaworks from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $5.25.

Yogaworks opened at $2.03 on Monday, reports. Yogaworks has a 1 year low of $1.97 and a 1 year high of $5.85.

An institutional investor recently bought a new position in Yogaworks stock. Thompson Davis & CO. Inc. purchased a new stake in shares of Yogaworks Inc (NASDAQ:YOGA) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 38,531 shares of the company’s stock, valued at approximately $111,000. Thompson Davis & CO. Inc. owned approximately 0.24% of Yogaworks as of its most recent SEC filing. 87.01% of the stock is currently owned by hedge funds and other institutional investors.

Yogaworks Company Profile

YogaWorks, Inc builds and operates yoga studios under the YogaWorks and Yoga Tree brand names in the United States. The company provides yoga classes, workshops, teacher training programs, and yoga-related retail merchandise. It also offers online yoga instruction and programming services through its MyYogaWorks Web platform.

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