Hour Loop (HOUR) Projected to Announce Quarterly Earnings on Friday

Hour Loop (NASDAQ:HOUR) will likely be posting its results before the market opens on Friday, August 7th. Analysts expect Hour Loop to announce earnings of $0.03 per share and revenue of $29.6650 million for the quarter.

Hour Loop (NASDAQ:HOUR) last posted its earnings results on Tuesday, May 12th. The company reported $0.02 EPS for the quarter. Hour Loop had a net margin of 1.28% and a return on equity of 25.29%. The business had revenue of $29.93 million for the quarter.

Hour Loop Price Performance

Hour Loop stock opened at $1.83 on Thursday. Hour Loop has a 12-month low of $1.24 and a 12-month high of $6.84. The company has a market capitalization of $64.31 million, a price-to-earnings ratio of 36.56 and a beta of 1.38. The firm’s fifty day moving average price is $1.91 and its 200 day moving average price is $1.94.

Institutional Investors Weigh In On Hour Loop

A hedge fund recently bought a new stake in Hour Loop stock. Virtu Financial LLC bought a new stake in Hour Loop, Inc. (NASDAQ:HOUR) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 14,380 shares of the company’s stock, valued at approximately $26,000. Hedge funds and other institutional investors own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Hour Loop from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 1st. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Hour Loop currently has an average rating of “Hold”.

Hour Loop Company Profile

Hour Loop, Inc, an online retailer, engages in e-commerce retailing in the United States. The company sells products in various categories, including home/garden décor, toys, kitchenware, apparels, and electronics products. It sells its products through hourloop.com, as well as third-party marketplaces. Hour Loop, Inc was founded in 2013 and is headquartered in Redmond, Washington.