Pattern Group Inc's stock soared 10.65% in pre-market trading following the release of its quarterly earnings report that exceeded analyst expectations.
The company reported earnings of 16 cents per share for the quarter ended September 30, beating the mean analyst estimate of 10 cents per share. Revenue also came in strong at $723.10 million, significantly above the $572.66 million expected by Wall Street analysts.
Analysts maintain a positive outlook on Pattern Group Inc with an average "buy" rating and a median 12-month price target of $22.00, representing approximately 47.8% upside from its last closing price. The company's performance in the previous quarter also exceeded expectations, with a reported loss of $2.19 per share compared to an estimated loss of $2.49 per share.