Equities research analysts expect that Leaf Group Ltd (NASDAQ:LFGR) will announce sales of $27.59 million for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Leaf Group’s earnings. The lowest sales estimate is $26.40 million and the highest is $28.59 million. Leaf Group posted sales of $24.44 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 12.9%. The company is scheduled to issue its next earnings report on Thursday, August 3rd.

On average, analysts expect that Leaf Group will report full-year sales of $27.59 million for the current year, with estimates ranging from $124.62 million to $132.25 million. For the next financial year, analysts expect that the firm will report sales of $146.57 million per share, with estimates ranging from $140.70 million to $154.16 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Leaf Group.

Leaf Group (NASDAQ:LFGR) last released its quarterly earnings data on Thursday, May 4th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.31) by $0.19. The business had revenue of $27.23 million during the quarter, compared to analysts’ expectations of $26.53 million. Leaf Group had a negative return on equity of 53.54% and a negative net margin of 36.78%. The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.59) EPS.

A number of research analysts have issued reports on LFGR shares. Zacks Investment Research upgraded Leaf Group from a “hold” rating to a “buy” rating and set a $8.75 price target for the company in a research report on Wednesday, March 1st. B. Riley reissued a “buy” rating and issued a $9.00 price objective on shares of Leaf Group in a research note on Monday, February 27th. Roth Capital set a $10.00 price objective on Leaf Group and gave the stock a “buy” rating in a research note on Saturday, February 25th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $8.00 price objective on shares of Leaf Group in a research note on Tuesday, May 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. Leaf Group presently has an average rating of “Hold” and an average price target of $9.45.

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Several hedge funds have recently bought and sold shares of the company. Oak Management Corp purchased a new stake in Leaf Group during the fourth quarter worth approximately $29,390,000. Emerald Mutual Fund Advisers Trust bought a new stake in shares of Leaf Group during the first quarter worth about $905,000. Integral Derivatives LLC bought a new stake in shares of Leaf Group during the fourth quarter worth about $177,000. Dimensional Fund Advisors LP raised its stake in shares of Leaf Group by 2.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,148,315 shares of the company’s stock worth $8,612,000 after buying an additional 24,397 shares during the period. Finally, Royce & Associates LP raised its stake in shares of Leaf Group by 1.4% in the first quarter. Royce & Associates LP now owns 967,216 shares of the company’s stock worth $7,254,000 after buying an additional 13,193 shares during the period.

Leaf Group (NASDAQ:LFGR) opened at 8.00 on Thursday. Leaf Group has a 52-week low of $5.10 and a 52-week high of $9.35. The firm has a 50-day moving average price of $8.25 and a 200 day moving average price of $7.54. The stock’s market cap is $159.53 million.

Leaf Group Company Profile

Leaf Group Ltd., formerly Demand Media, Inc, is diversified Internet marketplaces and media company. The Company has online media properties and marketplace platforms that enable communities of creators to reach audiences in lifestyle categories. The Company operates an online studio platform for the professional creation and distribution of content, as well as two online artist marketplaces.

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