Zacks: Analysts Expect Yogaworks Inc (NASDAQ:YOGA) to Post -$0.19 Earnings Per Share

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Analysts expect Yogaworks Inc (NASDAQ:YOGA) to post ($0.19) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Yogaworks’ earnings. Yogaworks posted earnings of ($0.22) per share during the same quarter last year, which suggests a positive year over year growth rate of 13.6%. The business is scheduled to report its next earnings results on Tuesday, August 13th.

According to Zacks, analysts expect that Yogaworks will report full year earnings of ($0.73) per share for the current year, with EPS estimates ranging from ($0.79) to ($0.70). For the next financial year, analysts anticipate that the business will report earnings of ($0.63) per share, with EPS estimates ranging from ($0.65) to ($0.60). Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow Yogaworks.

Yogaworks (NASDAQ:YOGA) last posted its quarterly earnings results on Tuesday, May 14th. The company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.23) by $0.03. The company had revenue of $15.69 million during the quarter, compared to the consensus estimate of $15.44 million. Yogaworks had a negative return on equity of 121.97% and a negative net margin of 57.80%.

Several research analysts have commented on the company. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Imperial Capital restated an “outperform” rating on shares of Roan Resources in a research note on Thursday, April 4th. Finally, Zacks Investment Research upgraded Investors Real Estate Trust Reit from a “sell” rating to a “hold” rating in a research note on Thursday, May 23rd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $3.25.

Large investors have recently added to or reduced their stakes in the business. Wedbush Securities Inc. raised its holdings in shares of Yogaworks by 108.3% in the 1st quarter. Wedbush Securities Inc. now owns 47,026 shares of the company’s stock valued at $43,000 after acquiring an additional 24,447 shares in the last quarter. Mount Vernon Associates Inc. MD purchased a new stake in shares of Yogaworks in the 1st quarter valued at about $193,000. Finally, Hayden Royal LLC purchased a new stake in shares of Yogaworks in the 1st quarter valued at about $46,000. 6.61% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ YOGA traded down $0.34 during trading hours on Wednesday, hitting $0.14. The company had a trading volume of 2,133,828 shares, compared to its average volume of 266,812. Yogaworks has a 52 week low of $0.33 and a 52 week high of $2.13. The company’s 50 day moving average is $0.67. The company has a market capitalization of $2.42 million, a price-to-earnings ratio of -0.06 and a beta of 1.18.

About Yogaworks

YogaWorks, Inc operates yoga studios under the YogaWorks and Yoga Tree brand names in the United States. It primarily provides yoga classes, workshops, teacher training programs, and yoga-related retail merchandise. The company offers online yoga instruction and programming services through its MyYogaWorks Web platform.

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