$14.56 Million in Sales Expected for Yogaworks Inc (YOGA) This Quarter

Analysts predict that Yogaworks Inc (NASDAQ:YOGA) will report $14.56 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Yogaworks’ earnings, with the highest sales estimate coming in at $14.70 million and the lowest estimate coming in at $14.49 million. The company is scheduled to issue its next earnings results on Tuesday, February 13th.

According to Zacks, analysts expect that Yogaworks will report full-year sales of $14.56 million for the current fiscal year, with estimates ranging from $54.49 million to $54.70 million. For the next financial year, analysts expect that the company will post sales of $74.26 million per share, with estimates ranging from $73.06 million to $75.22 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Yogaworks.

Yogaworks (NASDAQ:YOGA) last issued its quarterly earnings results on Tuesday, November 14th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.04). Yogaworks had a negative net margin of 27.00% and a negative return on equity of 48.95%.

A number of equities analysts have issued reports on YOGA shares. Zacks Investment Research lowered Yogaworks from a “buy” rating to a “hold” rating in a research note on Saturday, November 18th. Imperial Capital started coverage on Yogaworks in a research note on Friday, November 3rd. They set an “outperform” rating and a $5.00 price target for the company. Finally, DA Davidson started coverage on Yogaworks in a research note on Wednesday, November 15th. They set a “neutral” rating and a $3.00 price target for the company. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Yogaworks has a consensus rating of “Buy” and an average target price of $5.46.

A hedge fund recently bought a new stake in Yogaworks stock. Alyeska Investment Group L.P. purchased a new stake in shares of Yogaworks Inc (NASDAQ:YOGA) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 301,200 shares of the company’s stock, valued at approximately $834,000. Alyeska Investment Group L.P. owned approximately 1.84% of Yogaworks as of its most recent filing with the SEC. 91.50% of the stock is currently owned by hedge funds and other institutional investors.

Yogaworks (NASDAQ:YOGA) opened at $2.95 on Wednesday. The stock has a market capitalization of $48.43 and a price-to-earnings ratio of -2.09. Yogaworks has a one year low of $2.22 and a one year high of $5.85.

WARNING: “$14.56 Million in Sales Expected for Yogaworks Inc (YOGA) This Quarter” was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The original version of this piece can be viewed at https://www.americanbankingnews.com/2018/01/31/14-56-million-in-sales-expected-for-yogaworks-inc-yoga-this-quarter.html.

About Yogaworks

YogaWorks, Inc is a yoga instruction company. The Company provides yoga instruction in the United States with 50 company-owned studios as well as its Internet-based digital media service, MyYogaWorks.com. Its classes are designed to safely challenge practitioners of all levels, making yoga accessible to a diverse population ranging from beginners and casual practitioners to seasoned yogis and professional athletes.

Get a free copy of the Zacks research report on Yogaworks (YOGA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Yogaworks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yogaworks and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply