Hour Loop (HOUR) Projected to Release Quarterly Earnings on Monday

Hour Loop (NASDAQ:HOUR) is anticipated to announce its resultson Monday, November 16th. Analysts expect the company to announce earnings of $0.03 per share and revenue of $29.66 million for the quarter.

Hour Loop (NASDAQ:HOUR) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $0.03 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.03. The firm had revenue of $33.94 million for the quarter, compared to analysts’ expectations of $29.66 million. Hour Loop had a return on equity of 22.31% and a net margin of 1.14%.

Hour Loop Stock Performance

Shares of NASDAQ HOUR opened at $1.45 on Monday. Hour Loop has a 52-week low of $1.44 and a 52-week high of $3.18. The business has a fifty day moving average of $1.74 and a two-hundred day moving average of $1.88. The stock has a market cap of $51.08 million, a PE ratio of 36.28 and a beta of 1.41.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of Hour Loop from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 23rd. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, Hour Loop has a consensus rating of “Hold”.

About Hour Loop

Hour Loop, Inc is an e-commerce company that sells consumer products through online marketplaces and digital retail channels. The company’s merchandise includes items across categories such as home and kitchen, toys, apparel, beauty and personal care, pet supplies, and other everyday consumer goods.

Hour Loop primarily reaches customers through third-party platforms, including Amazon and other major online marketplaces. Its business model involves identifying consumer demand, developing or sourcing products, managing inventory and fulfillment, and marketing merchandise through online channels.

The company was established in the 2010s and is based in the United States.