QRTEA Earnings Prediction
The chart below shows how QRTEA performed 10 days before and after its earnings report, based on data from the past quarters. Typically, QRTEA sees a +1.56% change in stock price 10 days leading up to the earnings, and a -11.56% change 10 days following the report. On the earnings day itself, the stock moves by +2.47%. This data can give you a slight idea of what to expect for the next quarter's release.
QRTEA Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
2.34B
-5.45%
-2.62%
Gross Margin
31.23%
0.42%
-3.49%
Operating Margin
6.48%
-5.54%
-14.74%
Net Margin
-0.64%
-233.33%
-148.12%
EPS
-0.06
--
-220.00%
No Data Available
QRTEA Earnings Analysis
Qurate Retail, Inc. Series A Common Stock Corporation (QRTEA.O) Earnings Conference Call
Positive
Adjusted OIBDA Increase: 1. Adjusted OIBDA Growth: Qurate Retail reported a 19% increase in adjusted OIBDA for Q3 2024, demonstrating resilience despite challenging market conditions.
Customer Spending Increase: 2. Strong Customer Spending: Existing customers spent an average of $1,659 and purchased 32 items in the 12 months ending September 30, reflecting a 6% and 4% year-on-year increase, respectively.
Brand Campaign Success: 3. Successful Brand Campaigns: The Age of Possibility campaign generated 2 billion media impressions through events in New York and Charleston, enhancing brand visibility and customer engagement.
Free Cash Flow Increase: 4. Free Cash Flow Improvement: Free cash flow increased to $102 million in the first nine months of 2024, up from $79 million in the same period last year, indicating improved cash generation capabilities.
Debt Reduction Strategy: 5. Debt Management: Qurate Retail successfully tendered for 89% of its 2027 and 2028 notes, improving its credit profile by reducing debt and extending maturity, which supports financial stability.
Negative
Revenue Decrease Analysis: 1. Revenue Decline: QxH revenue decreased by 6% due to lower unit volume and shipping revenue, with home revenue down 3% and electronics down 16%.
Customer Count Decline: 2. Customer Count Decrease: Total customer count declined by 5% in Q3, driven by a 6% decrease in existing customers and a 1% decrease in reactivated customers.
OIBDA Margin Decline: 3. Adjusted OIBDA Margin Contraction: The adjusted OIBDA margin contracted by 80 basis points due to approximately 125 basis points of sales deleverage, indicating significant pressure on profitability.
Revenue Decline Impact: 4. Cornerstone Revenue Drop: Cornerstone Brands experienced a 12% revenue decline, significantly impacting overall company performance, despite a 290 basis point gross margin expansion.
Stock Listing Compliance Issues: 5. Stock Compliance Risk: Qurate Retail received a notice from NASDAQ regarding non-compliance with the minimum bid price requirement, necessitating potential actions such as a reverse stock split to maintain listing.
QRTEA FAQs
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QRTEA Earning Call Sentiment
Qurate Retail, Inc. (QRTEA) Q3 2024 Earnings Call Transcript
QRTEA.O
1.38%Positive
The earnings call summary presents a mixed picture: positive free cash flow and debt management, but declining revenue and customer count. The Q&A section reveals concerns about macroeconomic impacts and lack of clarity on future strategies. The stable leverage ratio and cash balances are positives, but the decline in revenue and customer count, along with unclear management responses, offset these. Overall, the sentiment is neutral, as the positives and negatives balance each other out.
