Hour Loop (NASDAQ:HOUR) Announces Earnings Results, Misses Expectations By $0.02 EPS

Hour Loop (NASDAQ:HOUR) issued its quarterly earnings data on Thursday. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.02), FiscalAI reports. The business had revenue of $32.08 million during the quarter, compared to the consensus estimate of $29.66 million. Hour Loop had a net margin of 1.14% and a return on equity of 22.31%.

Hour Loop Stock Down 4.9%

HOUR stock traded down $0.08 during midday trading on Thursday, reaching $1.56. The stock had a trading volume of 1,306 shares, compared to its average volume of 7,858. The firm has a market cap of $54.91 million, a price-to-earnings ratio of 39.01 and a beta of 1.41. Hour Loop has a twelve month low of $1.44 and a twelve month high of $3.18. The business has a fifty day simple moving average of $1.72 and a two-hundred day simple moving average of $1.88.

Analyst Ratings Changes

Separately, Weiss Ratings cut Hour Loop from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, October 23rd. One research analyst has rated the stock with a Hold rating. According to MarketBeat.com, Hour Loop has a consensus rating of “Hold”.

About Hour Loop

Hour Loop, Inc. is an e-commerce company that sells consumer products through online marketplaces and digital retail channels. The company’s merchandise includes items across categories such as home and kitchen, toys, apparel, beauty and personal care, pet supplies, and other everyday consumer goods. Hour Loop primarily reaches customers through third-party platforms, including Amazon and other major online marketplaces. Its business model involves identifying consumer demand, developing or sourcing products, managing inventory and fulfillment, and marketing merchandise through online channels.