Yogaworks Inc (NASDAQ:YOGA) Expected to Post Quarterly Sales of $14.77 Million

Wall Street brokerages predict that Yogaworks Inc (NASDAQ:YOGA) will post $14.77 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Yogaworks’ earnings, with the lowest sales estimate coming in at $14.67 million and the highest estimate coming in at $14.87 million. Yogaworks posted sales of $14.87 million in the same quarter last year, which would indicate a negative year over year growth rate of 0.7%. The business is expected to announce its next quarterly earnings report on Tuesday, August 13th.

According to Zacks, analysts expect that Yogaworks will report full year sales of $60.65 million for the current year, with estimates ranging from $60.34 million to $60.96 million. For the next fiscal year, analysts expect that the company will report sales of $63.52 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Yogaworks.

Yogaworks (NASDAQ:YOGA) last announced its earnings results on Wednesday, March 27th. The company reported ($0.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by ($0.37). The business had revenue of $14.04 million for the quarter, compared to the consensus estimate of $13.96 million. Yogaworks had a negative net margin of 57.80% and a negative return on equity of 121.97%.

Several analysts recently issued reports on the stock. ValuEngine lowered shares of Yogaworks from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Imperial Capital cut their target price on shares of Yogaworks from $3.50 to $2.00 and set an “outperform” rating for the company in a research report on Thursday, April 4th. Finally, Zacks Investment Research lowered shares of Yogaworks from a “hold” rating to a “sell” rating in a research report on Saturday, May 18th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $3.25.

Shares of NASDAQ YOGA opened at $0.72 on Wednesday. The firm’s 50 day simple moving average is $0.76. The company has a market capitalization of $12.59 million, a price-to-earnings ratio of -0.34 and a beta of 1.58. Yogaworks has a 12-month low of $0.37 and a 12-month high of $2.18.

Large investors have recently modified their holdings of the business. Mount Vernon Associates Inc. MD purchased a new position in Yogaworks in the first quarter valued at about $193,000. Wedbush Securities Inc. boosted its stake in Yogaworks by 108.3% in the first 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 during the last quarter. Finally, Hayden Royal LLC purchased a new position in Yogaworks in the first quarter valued at about $46,000. 6.61% of the stock is currently owned by institutional investors and hedge funds.

Yogaworks Company Profile

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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