Plby Group Inc Up 7.47% To $1.05 After Earnings Beat

Thursday, March 28, 2024 - Plby Group Inc (PLBY) reported upside earnings and revenues today.

Plby Group Inc's earnings came in at an EPS loss of $0.13 per share, 7.00% higher than estimates for an EPS loss of $0.14 per share. The firm's loss per share narrowed by 38% since reporting a loss of $0.21 per share a year ago.

Revenues were upbeat at $39.4 million. That represents a 12.31% decrease in revenues from the year-ago report and is 20.49% higher than consensus estimates set at $32.7 million.

The stock is up 7.47% to $1.05 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.

Trading in the five days leading up to the report earned Plby Group Inc a Bearish Sentiment Rank from InvestorsObserver.

Plby Group Inc has performed a little below average during the past few months. Before the report, Plby Group Inc received a Long-Term Technical Rank by InvestorsObserver of 35, putting it in the bottom half of stocks. The firm set a 52-week low on November 14, 2023 at $0.43 and set a 52-week high on April 3, 2023 at $2.03.

PLBY Group Inc. PLBY Group connects consumers around the world with products services and experiences to help them look good feel good and have fun. PLBY Group serves consumers in four major categories: Sexual Wellness Style & Apparel Gaming & Lifestyle and Beauty & Grooming PLBY Group flagship consumer brand Playboy is one of the most recognizable iconic brands in the world driving more than $3 billion in global consumer spend annually across 180 countries.