Blue Apron Holdings Inc (APRN) Releases Earnings Results, Misses Expectations By $0.04 EPS
Blue Apron Holdings Inc (NASDAQ:APRN) issued its earnings results on Thursday. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.43) by ($0.04), Briefing.com reports. The firm had revenue of $210.60 million during the quarter, compared to analyst estimates of $191.47 million. During the same period in the prior year, the firm earned ($0.56) EPS. The business’s revenue for the quarter was up 2.5% on a year-over-year basis.
Blue Apron Holdings (NASDAQ APRN) traded down $0.88 during midday trading on Friday, reaching $3.79. The company’s stock had a trading volume of 2,773,424 shares.
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APRN has been the subject of a number of research reports. Stifel Nicolaus reiterated a “hold” rating and set a $6.00 target price on shares of Blue Apron Holdings in a report on Friday. Barclays PLC decreased their target price on Blue Apron Holdings from $7.00 to $5.00 and set an “equal weight” rating for the company in a report on Friday, August 11th. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of Blue Apron Holdings in a report on Monday, August 21st. UBS AG initiated coverage on Blue Apron Holdings in a report on Monday, July 24th. They set a “market perform” rating for the company. Finally, Morgan Stanley initiated coverage on Blue Apron Holdings in a report on Monday, July 24th. They set an “equal weight” rating and a $7.50 target price for the company. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $7.23.
Blue Apron Holdings Company Profile
Blue Apron Holdings, Inc is a holding company. The Company is focused on providing recipes and fresh ingredients for making home cooking accessible. The Company offers under a novel business model in which it source, process, store and package meal ingredients and ship them directly to consumers. The Company’s core products include Meals and Wine.
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