Kirkland's Inc. Down 2.10% To $3.72 After Earnings Miss

Friday, December 2, 2022 - Kirkland's Inc. (KIRK) reported downside earnings and revenues today.

Analyst expectations for Kirkland's Inc. earnings per share (EPS) were at a loss of $0.32 per share, with the company missing those estimates with a reported EPS loss of $0.38 per share, leading to a negative surprise of $0.06 per share (-19%). Kirkland's Inc.'s earnings were down 175% year-over-year as the firm reported an EPS of $0.51 in its year-ago quarter. The negative annual growth shows the Consumer Cyclical company isn't performing well amid current economic conditions.

Revenues were downbeat at $131 million. That represents a 8.82% decrease in revenues from the year-ago report and is 2.46% lower than consensus estimates set at $134.3 million.

The stock is down 2.10% to $3.72 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

Wall Street Analysts had an average rating of Hold on the stock prior to the report.

InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.

Kirkland's Inc. has performed a little below average during the past few months. Before the report, Kirkland's Inc. received a Long-Term Technical Rank by InvestorsObserver of 33, putting it in the bottom half of stocks. The firm set a 52-week low on August 1, 2022 at $2.98 and set a 52-week high on January 18, 2022 at $17.72.

Kirkland's Inc is a specialty retailer of home decor and gifts in the United States. Its stores provide various merchandise, including holiday decor, framed arts, furniture, ornamental wall decor, fragrance and accessories, mirrors, lamps, decorative accessories, textiles, housewares, gifts, artificial floral products, frames, clocks, and outdoor living items. Its stores also offer an assortment of holiday merchandise in seasonal periods, as well as items that are suitable for gift-giving.