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Qurate Retail Inc (QRTEB)
NASDAQ:QRTEB
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 09, 2018
|% Change Since: -24.59%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Negative
The earnings call highlighted some positive aspects such as increases in adjusted OIBDA and new customer growth. However, these were outweighed by significant challenges including revenue decline, customer count reduction, and the impact of external events on viewership and sales. The sentiment is largely negative due to the overall financial performance and challenges faced.Company Guidance
During the Qurate Retail Inc. 2024 Q3 earnings call, several key metrics and guidance were discussed. The company reported a 19% increase in adjusted OIBDA despite challenging macroeconomic conditions that impacted revenue due to events like the Olympics and political conventions, as well as unforeseen events such as assassination attempts on President Trump and President Biden stepping down from the election. These events caused viewership to drop, resulting in a 4% decrease in QxH total TV minutes viewed and an 8% decrease in hours watched for TV shopping overall. Revenue declined 6% for QxH driven by lower unit volume, while QVC International saw a 1% revenue decline. Cornerstone Brands faced a 12% revenue drop, impacted by a weak housing market. The company maintained a flat gross margin and reduced operating expenses by $11 million and SG&A by $10 million year-over-year. It expects adjusted OIBDA CAGR to be slightly under its Project Athens goal but remains on track with its free cash flow forecast. Looking ahead, Qurate Retail is focusing on expanding its audience reach on new platforms to counteract the effects of cord-cutting. The company also announced upcoming strategic initiatives and programming highlights aimed at improving performance in the next quarter.Adjusted OIBDA Increase
Adjusted OIBDA was up 19% despite a challenging quarter, indicating some resilience in operational efficiency.
New Customer Growth
New customers increased by 2%, marking the fifth consecutive quarter of growth in this segment.
Strong Engagement from Best Customers
Best customers spent an average of $3,960, up 4% year-over-year, and purchased 76 items, indicating strong engagement.
Successful Marketing and Events
The Age of Possibility campaign generated 2 billion media impressions, and the live event featuring Coldplay saw the LP edition sell out in 13 minutes.
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QRTEB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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QRTEB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $3.05 | $3.18 | +4.26% |
| Aug 08, 2024 | $3.60 | $3.79 | +5.28% |
| May 08, 2024 | $4.11 | $4.44 | +8.03% |
| Feb 28, 2024 | $5.87 | $5.60 | -4.60% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Qurate Retail Inc (QRTEB) report earnings?
Qurate Retail Inc (QRTEB) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Qurate Retail Inc (QRTEB) earnings time?
Qurate Retail Inc (QRTEB) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is QRTEB EPS forecast?
Currently, no data Available
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