Brokerages Expect Blue Apron Holdings Inc (APRN) Will Post Earnings of -$0.07 Per Share

Wall Street analysts predict that Blue Apron Holdings Inc (NYSE:APRN) will post earnings per share of ($0.07) for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Blue Apron’s earnings. The highest EPS estimate is ($0.06) and the lowest is ($0.09). Blue Apron posted earnings of ($0.17) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 58.8%. The firm is expected to announce its next quarterly earnings report on Thursday, May 2nd.

On average, analysts expect that Blue Apron will report full year earnings of ($0.35) per share for the current financial year, with EPS estimates ranging from ($0.65) to ($0.25). For the next fiscal year, analysts expect that the business will report earnings of ($0.23) per share, with EPS estimates ranging from ($0.30) to ($0.17). Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Blue Apron.

Blue Apron (NYSE:APRN) last released its earnings results on Wednesday, January 30th. The company reported ($0.12) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.05. The firm had revenue of $140.73 million for the quarter, compared to analysts’ expectations of $137.81 million. Blue Apron had a negative return on equity of 72.42% and a negative net margin of 18.30%. The business’s quarterly revenue was down 25.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.20) EPS.



Several equities research analysts have commented on the company. Zacks Investment Research upgraded Blue Apron from a “hold” rating to a “buy” rating and set a $1.25 target price on the stock in a research note on Friday, November 16th. Canaccord Genuity cut Blue Apron from a “buy” rating to a “hold” rating and cut their target price for the company from $6.00 to $3.00 in a research note on Wednesday, November 14th. Barclays cut their target price on Blue Apron from $2.50 to $1.25 and set an “equal weight” rating on the stock in a research note on Thursday, November 15th. Guggenheim cut Blue Apron from a “buy” rating to a “neutral” rating and set a $1.02 target price on the stock. in a research note on Thursday, November 15th. Finally, ValuEngine cut Blue Apron from a “buy” rating to a “hold” rating in a research note on Friday, January 25th. Eleven research analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and a consensus target price of $1.91.

In related news, insider Ilia M. Papas sold 133,334 shares of the stock in a transaction on Tuesday, January 8th. The stock was sold at an average price of $0.91, for a total value of $121,333.94. Following the sale, the insider now owns 203,024 shares in the company, valued at approximately $184,751.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Lainie Cooney sold 31,979 shares of the stock in a transaction on Wednesday, November 28th. The shares were sold at an average price of $1.07, for a total value of $34,217.53. The disclosure for this sale can be found here. In the last quarter, insiders have sold 367,313 shares of company stock worth $375,753. Company insiders own 56.24% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Northern Trust Corp raised its stake in Blue Apron by 55.8% in the 2nd quarter. Northern Trust Corp now owns 85,533 shares of the company’s stock valued at $287,000 after acquiring an additional 30,625 shares during the period. Blair William & Co. IL raised its stake in Blue Apron by 7.7% in the 3rd quarter. Blair William & Co. IL now owns 1,162,095 shares of the company’s stock valued at $1,999,000 after acquiring an additional 82,900 shares during the period. Virtu Financial LLC raised its stake in Blue Apron by 890.8% in the 4th quarter. Virtu Financial LLC now owns 101,838 shares of the company’s stock valued at $104,000 after acquiring an additional 91,560 shares during the period. Raymond James Trust N.A. raised its stake in Blue Apron by 216.9% in the 3rd quarter. Raymond James Trust N.A. now owns 150,451 shares of the company’s stock valued at $259,000 after acquiring an additional 102,982 shares during the period. Finally, SG Americas Securities LLC acquired a new position in Blue Apron in the 3rd quarter valued at $208,000. Institutional investors and hedge funds own 10.64% of the company’s stock.

NYSE APRN opened at $1.42 on Friday. The company has a current ratio of 1.65, a quick ratio of 1.38 and a debt-to-equity ratio of 0.60. Blue Apron has a 52 week low of $0.65 and a 52 week high of $4.20.

About Blue Apron

Blue Apron Holdings, Inc operates an e-commerce marketplace that delivers original recipes and fresh ingredients for making home cooking accessible. It provides original recipes with the pre-portioned ingredients to complement tastes and lifestyles of college graduates, young couples, families, singles, and empty nesters.

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Earnings History and Estimates for Blue Apron (NYSE:APRN)

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