Short-Sighted Earnings Dismay Creates Buying Opportunity In LAKE [Forbes]
Lakeland Industries, Inc. (LAKE)
Last lakeland industries, inc. earnings: 9/9 04:01 pm
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lakeland.com/financial_information/?___store=lakeland
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Source: Forbes
Lakeland Industries's (LAKE) stock fell under pressure after it released results for the final quarter of fiscal 2024 (which ended January 31). And at first blush, it's tough to blame anyone for selling as net sales of $31.2 million and a loss of $1 million, or 13 cents per share, the company reported on April 10 was much worse than the $32.5 million and 30-cent profit analysts had been expecting. A look behind these disappointing headline numbers, however, quickly reveals that this performance isn't nearly as bad as it initially appears. For one thing, LAKE's sales grew in every region except Asia. This is why even with the continued weakness in its disposables business in China, organic sales still expanded slightly from the prior year, thanks to strong demand for its fire service, high-performance wovens, chemical and high-visibility products. Combined with solid contributions from the acquisitions of Eagle Technical Products and Pacific Helmets, this drove net sales 7.7% higher
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News
- 5 Industrial Products Stocks to Buy on Jump in Durable Goods Orders [Yahoo! Finance]Yahoo! Finance
- Lakeland Industries, Inc. (NASDAQ: LAKE) is now covered by analysts at Maxim Group. They set a "buy" rating and a $22.00 price target on the stock.MarketBeat
- Lakeland's (LAKE) Earnings & Revenues Miss Estimates in Q4 [Yahoo! Finance]Yahoo! Finance
- Lakeland Industries Full Year 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Lakeland Industries, Inc. Reports Fiscal 2024 Fourth Quarter Financial and Full Year Financial Results [Yahoo! Finance]Yahoo! Finance
LAKE
Earnings
- 4/10/24 - Miss
LAKE
Sec Filings
- 4/18/24 - Form 3
- 4/11/24 - Form 10-K
- 4/11/24 - Form 8-K
- LAKE's page on the SEC website