Lifetime Brands, Inc. (NASDAQ:LCUT ) Q2 2024 Earnings Conference Call August 8, 2024 11:00 AM ET Company Participants Carly King - Investor Relations Rob Kay - Chief Executive Officer Larry Winoker - Chief Financial Officer Conference Call Participants Anthony Lebiedzinski - Sidoti Linda Bolton Weiser - D.A. Davidson Brian McNamara - Canaccord Genuity Operator Good morning, ladies and gentlemen, and welcome to Lifetime Brands Second Quarter 2024 Earnings Conference Call.
Lifetime Brands (LCUT) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to loss of $0.02 per share a year ago.
Lifetime Brands (LCUT) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Lifetime Brands (LCUT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Investors interested in Consumer Products - Discretionary stocks are likely familiar with Lifetime Brands (LCUT) and VIZIO Holding Corp. (VZIO). But which of these two companies is the best option for those looking for undervalued stocks?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Here is how Lifetime Brands (LCUT) and PlayAGS (AGS) have performed compared to their sector so far this year.
The mean of analysts' price targets for Lifetime Brands (LCUT) points to a 27% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Investors with an interest in Consumer Products - Discretionary stocks have likely encountered both Lifetime Brands (LCUT) and VIZIO Holding Corp. (VZIO). But which of these two stocks offers value investors a better bang for their buck right now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Lifetime Brands (LCUT) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.
The average of price targets set by Wall Street analysts indicates a potential upside of 26.3% in Lifetime Brands (LCUT). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.