What To Expect From Bark’s (BARK) Q3 Earnings

Pet products provider Bark (NYSE:BARK) will be reporting results tomorrow after market close. Here’s what to expect.

Bark beat analysts’ revenue expectations by 1.7% last quarter, reporting revenues of $116.2 million, down 3.6% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ earnings and EBITDA estimates.

Is Bark a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Bark’s revenue to grow 1.8% year on year to $125.2 million, a reversal from the 14.4% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at $0 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Bark has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Bark’s peers in the consumer discretionary segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Hasbro’s revenues decreased 14.8% year on year, missing analysts’ expectations by 1.3%, and Mattel reported a revenue decline of 3.9%, in line with consensus estimates. Hasbro traded down 5.5% following the results while Mattel was up 4.6%.

Read our full analysis of Hasbro’s results here and Mattel’s results here.

There has been positive sentiment among investors in the consumer discretionary segment, with share prices up 3.3% on average over the last month. Bark is down 10.4% during the same time and is heading into earnings with an average analyst price target of $2.23 (compared to the current share price of $1.46).

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