JOANN Likely To Post Wider Q2 Loss; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

JOANN Inc. JOAN is expected to report financial results for the second quarter fiscal 2024, after the closing bell on Aug. 28, 2023.

Analysts expect the company to post quarterly loss at $1.12 per share, compared to a year-ago loss of 75 cents per share. The company’s revenue might come in at $438.66 million, compared to $463.3 million in the year-ago period.

JOANN shares fell 5.4% to close at $1.06 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Piper Sandler analyst Peter Keith maintained a Neutral rating and cut the price target from $3.5 to $1.5 on June 6, 2023. This analyst has an accuracy rate of 77%.
• B of A Securities analyst Elizabeth Suzuki maintained an Underperform rating and slashed the price target from $3.5 to $1 on March 28, 2023. This analyst has an accuracy rate of 70%.
• Wells Fargo analyst Zachary Fadem maintained an Equal-Weight rating and lowered the price target from $5 to $4 on Sept. 2, 2023. This analyst has an accuracy rate of 87%.

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