June 4, 2023

Here's what Wall Street expects from JOANN's earnings report

JOANN will be reporting earnings from the most recent quarter on June 5.
Wall Street analysts expect JOANN will release losses per share of $0.678.
Go here to watch JOANN stock price in real-time ahead of earnings.

JOANN releases earnings for Q1 on June 5.

6 analysts are forecasting losses of $0.678 per share as opposed to losses of $0.220 per share in the same quarter of the previous year.

Analysts are expecting the company to report $480.6 million, an decrease of 3.49% over the prior year quarter.

For the current fiscal year analysts expect a loss per share of $1.563, whereas in the previous year $-0.850 had been reported. On the revenue side analysts estimate that the company will bring in $2.18 billion in the current fiscal year.

This story was written by Markets Insider’s RoboEddy, which automatically writes these stories based on data provided by our partners.

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