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Xpresspa Group Inc Up 1.16% To $0.88 After Earnings

Tuesday, August 16, 2022 01:46 PM | InvestorsObserver Analysts

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Xpresspa Group Inc Up 1.16% To $0.88 After Earnings

XpresSpa Group Inc (XSPA) missed earnings projections on 8/15/2022 for Q2 2022.

Xpresspa Group Inc reported EPS loss of $0.08 per share. Profits fell 100% year-over-year after reporting an EPS loss of $0.04 per share in its year-ago quarter. The negative growth rate signals that the Consumer Cyclical company isn't performing well amid current economic conditions.

Revenues were upbeat at $13.6 million. That is an increase of 49.55% in revenues from the year-ago report and is 1.32% higher than consensus estimates set at $13.4 million.

The stock is up 1.16% to $0.88 after the report.

Xpresspa Group Inc's earnings expanded faster than revenues, signaling widening profit margins.

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

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

Prior to the report, InvestorsObserver gave the stock an overall score of 35. Meanwhile, the average Wall Street analyst rated the stock a Strong Buy.

XpresSpa Group Inc is a health and wellness holding company. It is an airport retailer of spa services through XpresSpa locations, offering travelers premium spa services, including massage, nail, and skincare, as well as spa and travel products. Its reportable operating segments are XpresSpa, XpresTest, and Treat. Geographically, the company operates in the geographical regions of the United States and all other countries, which include Amsterdam, and Dubai. It derives prime revenue from the United States.

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