Xcel Brands (NASDAQ:XELB) recently disclosed its third-quarter earnings on November 20, 2023. Surpassing expectations, the company outperformed estimated earnings by 6.25%, reporting an EPS of $-0.15 compared to the estimated $-0.16. Nevertheless, the net revenue for the third quarter of 2023 stood at $2.6 million, showcasing a significant decrease of approximately $1.9 million (-41%) when compared to the same period in the previous year. Consequently, the company incurred a loss of $5.1 million in its third quarter, equating to a loss of 26 cents per share.
In terms of adjusted EBITDA, Xcel Brands reported ($1.4) million for the quarter, a notable improvement from the prior year quarter’s ($2.9) million. It is worth mentioning that Xcel Brands’ non-GAAP EPS of -$0.15 exceeded estimates by $0.11. However, the revenue of $2.64 million fell short by $0.1 million, indicating a mixed performance when considering both earnings and revenue.
For further information and a more comprehensive understanding of the financial results, interested parties can access the conference call through the webcast available on the Investor Relations section of Xcel’s website.
Xcel Brands, Inc.
XELB
Neutral
Updated on: 30/11/2023
Financial Health
Weak
Debt to equity ratio: Neutral
Price to earnings ratio: Sell
Price to book ratio: Neutral
DCF: Strong Buy
ROE: Neutral
XELB Stock Analysis: Impressive Earnings Growth and Future Prospects
XELB, the stock of Xcel Brands Inc., had an interesting performance on November 21, 2023. Starting with the basics, XELB had a previous close of $0.96 on the previous trading day. The stock opened at $0.93 on November 21 and traded within a range of $0.93 to $0.96 throughout the day. The volume for the day was relatively low, with only 29 shares traded. XELB has a market capitalization of $40.2 million. It’s worth noting that XELB has shown impressive earnings growth in the past year, with a growth rate of +67.31%. This positive trend continues into the current year, with earnings growth of +41.56%. Looking ahead, analysts expect the company to maintain a solid growth rate of 25.00% over the next five years. However, XELB has experienced a decline in revenue growth in the past year, with a decrease of -32.03%. The company’s price-to-sales ratio is 0.53, and the price-to-book ratio is 0.56. On November 21, XELB did not experience any change in price, remaining at $0.00. Looking ahead, XELB’s next reporting date is scheduled for April 15, 2024. Analysts are forecasting an earnings per share (EPS) of -$0.06 for the current quarter. XELB operates in the Consumer Non-Durables sector, specifically in the Apparel/Footwear industry. In conclusion, XELB had a relatively uneventful day on November 21, 2023, with no change in stock price. Investors should closely monitor XELB’s financial performance and keep an eye on upcoming reports to assess the company’s future prospects.
Xcel Brands Inc (XELB) Stock Performance Soars with Potential 342.71% Increase: Analysts Positive Outlook and Future Growth Opportunities
On November 21, 2023, Xcel Brands Inc (XELB) experienced a significant increase in its stock performance. According to data from CNN Money, the two analysts offering 12-month price forecasts for XELB have a median target of 4.25, with a high estimate of 5.00 and a low estimate of 3.50. This indicates a potential increase of 342.71% from the last recorded price of 0.96.
The current consensus among one polled investment analyst is to buy stock in Xcel Brands Inc. This rating has remained steady since October, when it was upgraded from a hold rating. This positive sentiment from analysts suggests that there is confidence in the future growth and potential of the company.
It is important to note that XELB has reported a loss in earnings per share of -$0.06 for the current quarter. However, the company’s sales for the same period were $3.0 million. These financial figures indicate that XELB is generating revenue, albeit with a negative bottom line.
Investors should consider the potential for future growth and the positive outlook from analysts when evaluating XELB as an investment opportunity. The median target price of 4.25 suggests that there is significant upside potential for the stock.
However, it is crucial to conduct thorough research and analysis before making any investment decisions. Investors should consider factors such as the company’s financial health, competitive landscape, industry trends, and overall market conditions.
As always, it is recommended to consult with a financial advisor or professional before making any investment decisions. They can provide personalized guidance based on individual financial goals and risk tolerance.
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