Laird Superfood Inc (LSF)

Shares of Laird Superfood, Inc. (LSF) dropped by 8.91% from $1.06 to $0.97 in the trading on Thursday, August 10, 2023. The reason why LSF is down today is due to the company's mixed quarterly earnings report.

• Earnings Report: LSF reported a quarterly loss of $0.36 per share, outperforming the Zacks Consensus Estimate of a loss of $0.41 per share. This marked a substantial improvement compared to the previous year when they reported a loss of $0.69 per share. These figures were adjusted for non-recurring items. The earnings report came as a positive surprise, with a 12.20% earnings beat. In the previous quarter, LSF exceeded expectations with a 20% earnings surprise, reporting a loss of $0.40 per share instead of the expected $0.50 per share.
• Revenue Performance: However, the company's revenue for the quarter ended June 2023 was $7.72 million, which fell short of the Zacks Consensus Estimate by 6.94%. This revenue figure also marked a decrease compared to the year-ago revenues of $8.67 million. Notably, the company has struggled to beat consensus revenue estimates over the last four quarters.

Shares of Laird Superfood, Inc. (LSF) dropped by 13.53% from $0.90 to $0.78 in the trading on Friday, March 17, 2023. The reason why LSF is down today is due to the company's quarterly earnings report.

• Earnings Report Impact: LSF reported a quarterly loss of $0.47 per share, significantly better than the Zacks Consensus Estimate of a loss of $0.71 per share. This represented an earnings surprise of 33.80%. In the previous quarter, the company also exceeded expectations with a 7.58% earnings surprise.
• Revenue Performance: Despite the positive earnings surprises, LSF's revenue for the quarter ending in December 2022 was $8.97 million, missing the Zacks Consensus Estimate by 3.55%. This marked a decrease from the previous year's revenues of $9.37 million.