Xcel Brands, Inc (NASDAQ:XELB) brand development and media firm, is expected to report second quarter earnings results, after market close, on Thursday 20th August 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 0.09 per share.
Looking ahead, the full year income are expected at $ 0.27 per share on the revenues of $ 41.86 million.
Previous Quarter Performance
Xcel Brands, Inc recorded for the first quarter of per share, from the revenue of $ 9.53 million. The quarterly earnings compared with the same quarter last year. According to street consensus, XELB was expected to report 1Q20 loss of $ 0.05 per share from revenue of $ 8.20 million. The bottom line results missed street analysts by $ 0.24 or 480 percent, at the same time, top line results outshined analysts by $ 1.33 million or 16.22 percent.
Stock Performance
According to the previous trading day, closing price of XELB was $ 0.82, representing a 105.00 % increase from the 52 week low of $ 0.40 and a 60.77 % decrease over the 52 week high of $ 2.09.
The company has a market capital of $ 15.70 million and is part of the Consumer Cyclical sector and Apparel Manufacturing industry.
Xcel Brands, Inc., together with its subsidiaries, operates as a consumer products company in the United States. The company designs, produces, licenses, markets, and sells branded apparel, footwear, accessories, jewelry, home goods, and other consumer products; and acquires consumer lifestyle brands, including the Isaac Mizrahi, the Judith Ripka, the H Halston, the C Wonder, and the Highline Collective brands. It licenses its brands to third parties; and provides design, production, and marketing services for promotion and distribution through a ubiquitous-channel retail sales strategy, including distribution through interactive television, the Internet, and traditional brick-and-mortar retail channels.
