Qurate Retail to Report Earnings on Friday
November 4, 2023
🌥️Trending News
Qurate Retail ($NASDAQ:QRTEA) is set to report its earnings on Friday, and investors and analysts are eagerly anticipating the results. The company is an e-commerce and media conglomerate that owns a number of brands across multiple sectors, such as television, internet, and retailing. Qurate Retail is the parent company of QVC, HSN, and Zulily, among other brands. Over the years, the company has been steadily increasing its online presence and expanding its offerings. This has allowed it to become a major player in the industry. Analysts expect Qurate Retail’s earnings to be strong this quarter, as it has continued to benefit from the growth of e-commerce and the shift of consumer spending online.
Additionally, the company has been investing heavily in its digital capabilities, which should pay off in terms of increased sales and profits. Qurate Retail is well-positioned to take advantage of the current retail environment and make further progress in the coming months. Investors will be looking closely at the earnings report on Friday to see how well the company has performed over the past quarter.
Earnings
The report shows that total revenue for the period was 3504.0M USD, a 18.7% increase from the previous year. Net income for the same period was 222.0M USD, a 9.4% increase from the prior year. The total revenue for QURATE RETAIL has grown from 2649.0M USD over the past three years, demonstrating the company’s positive financial outlook and success.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Qurate Retail. More…
| Total Revenues | Net Income | Net Margin |
| 11.56k | -2.67k | -7.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Qurate Retail. More…
| Operations | Investing | Financing |
| 720 | 436 | -232 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Qurate Retail. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 11.8k | 11.07k | 1.6 |
Key Ratios Snapshot
Some of the financial key ratios for Qurate Retail are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -5.3% | -13.9% | -17.6% |
| FCF Margin | ROE | ROA |
| 2.7% | -211.9% | -10.8% |
Price History
The stock opened at $0.4 and closed at the same price, a decrease of 5.6% from the previous closing price of 0.4. Investors will be keeping a close eye on the earnings report, as it has the potential to affect the stock price in the upcoming days. Overall, the uncertainty surrounding the company’s performance adds to the suspense around the earnings release. Live Quote…
Analysis
GoodWhale’s analysis of QURATE RETAIL‘s fundamentals has revealed that the company has an intermediate health score of 6/10 with regard to its cashflows and debt. This indicates that the company might be able to pay off its debt and fund future operations. Looking at the company further, GoodWhale classified QURATE RETAIL as an “elephant”, a type of company which is rich in assets after deducting off liabilities. With regard to profitability, GoodWhale found that QURATE RETAIL is strong. However, when it comes to asset, dividend and growth, the company is weaker compared to other elephants. Investors who are looking for a company with strong profitability may be interested in QURATE RETAIL. In addition, investors who are not deterred by the company’s weaker asset, dividend and growth could also consider investing in QURATE RETAIL. More…
Peers
Its competitors are Redbubble Ltd, ASOS PLC, THG PLC.
– Redbubble Ltd ($ASX:RBL)
Redbubble Ltd is a publicly traded company with a market capitalization of 129.86 million as of 2022. The company has a return on equity of -12.32%. Redbubble is an online marketplace for independent artists and designers to sell their artwork and designs. The company was founded in 2006 and is headquartered in Melbourne, Australia.
– ASOS PLC ($LSE:ASC)
ASOS PLC is a UK-based online fashion retailer. The company has a market capitalization of 517.19 million as of 2022 and a return on equity of 4.58%. ASOS PLC sells clothing, footwear, and accessories for men and women. The company offers free delivery and returns on all orders. ASOS PLC was founded in 2000 and is headquartered in London, England.
– THG PLC ($LSE:THG)
STHG PLC is a real estate investment trust that focuses on the acquisition, development, and management of residential and commercial properties in the United Kingdom. As of 2022, the company had a market capitalization of 657.88 million pounds and a negative return on equity of 7.46%.
Summary
Qurate Retail has been a leader in the retail industry, and its upcoming earnings report is likely to be closely watched by investors. The stock price of Qurate Retail moved down after the announcement of its earnings report for Friday, indicating some market skepticism. Analysts predict that the company’s revenue and profit will remain relatively flat due to the competitive nature of the retail industry. In addition, there are concerns that the company’s online shopping offerings will not be able to maintain their current level of success as competition from other retailers keeps increasing.
However, given Qurate Retail’s strong earnings history, investors may be optimistic that the company can continue to deliver strong profits. It is important for investors to pay close attention to the company’s future plans and progress in order to make an informed decision about whether or not to buy or sell Qurate Retail stock.
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