Hour Loop (NASDAQ:HOUR) Issues Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Hour Loop (NASDAQ:HOUR) posted its quarterly earnings data on Thursday. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02), FiscalAI reports. The company had revenue of $32.08 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 Price Performance

Shares of NASDAQ HOUR traded down $0.08 during trading on Thursday, reaching $1.56. 1,306 shares of the stock traded hands, compared to its average volume of 7,858. Hour Loop has a 52-week low of $1.44 and a 52-week high of $3.18. The company has a 50-day moving average of $1.72 and a 200-day moving average of $1.88. The stock has a market capitalization of $54.91 million, a P/E ratio of 41.00 and a beta of 1.41.

Analyst Ratings Changes

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